chapter 3 Flashcards
1
Q
a form of recording transactions in chronological order
A
journal
2
Q
recording actions in journal
A
journalizing
3
Q
info for each transaction recorded in a journal
A
entry
4
Q
the recording of debit and credit parts of a transaction
A
double entry
5
Q
A business paper from which information is obtained for a journal entry
A
source document
6
Q
a business form ordering a bank to pay cash from a bank account is called a check
A
check
7
Q
a form describing the goods or services sold, the quantity, the price, and the terms of sale is called an
A
invoice
8
Q
invoice used as a source doc for recording a sale on accounts
A
sales invoice
9
Q
business form giving written acknowledgment for cash received
A
receipt
10
Q
form on which a brief message is written to describe a transaction
A
memorandum
11
Q
- book of original entry
- permanent record
- record using ink not pencil
- use “00” to denote even dollar amounts
A
Preparing Journal Entry
