Grade 11 Accounting

Test Review Sheet

Unit: Bookkeeping and Sales Taxes

Reference:

text, chapter 6

Practice:

• Chapter #6 Practice Test
• Chapter #6 Practice Test Answer key
• Blank General Journal Sheet

Requirements:

In order to successfully complete the 3A Accounting test on chapter #6, the student should be able to perform the following tasks:

• understand and explain any of the following concepts:
  • two-column general journal,
  • GST Payable,
  • GST Recoverable,
  • "Contra" account,
  • PST Payable,
  • Purchase Exemption Certificate,
  • General Journal,
  • General Ledger,
  • opening entry,
  • transaction,
  • journalizing,
  • posting,
  • post reference

• journalize the "opening entry" within a General Journal.

• journalize transactions within a General Journal.

• correctly journalize sales and purchase transactions involving GST;

• correctly journalize sales and purchase transactions involving PST;