Accounting Chapter 3 Flashcards
1
Q
Journal
A
A form for recording transactions in chronological order
2
Q
Journalizing
A
Recording transactions in a journal
3
Q
Source document
A
A business paper from which information is obtained for a journal entry
4
Q
Entry
A
Information for each transactions recorded in a journal
5
Q
Double entry accounting
A
The recording of a debit and credit parts of a transaction
6
Q
Check
A
A business form ordering a bank to pay cash from my bank account
7
Q
Invoice
A
A form describing the goods or service sought in the quantity the price and the terms of sale
8
Q
Sales invoice
A
An invoice used as a source document for recording a sale on account
9
Q
Receipt
A
A business form giving written acknowledgment for cash received
10
Q
Memorandum
A
A form on which a brief message is written to describe a transaction
