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Accounting > Chapter 3 > Flashcards

Chapter 3 Flashcards

1
Q

check

A

a business form ordering a bank to pay cash from a bank account

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2
Q

a business form ordering a bank to pay cash from a bank account

A

check

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3
Q

double-entry accounting

A

the recording of debit and credit parts of a transaction

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4
Q

the recording of debit and credit parts of a transaction

A

double-entry accounting

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5
Q

entry

A

information for each transaction recorded in a journal

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6
Q

information for each transaction recorded in a journal

A

entry

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7
Q

general journal

A

a journal with two columns in which all kinds of entries can be recorded

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8
Q

a journal with two columns in which all kinds of entries can be recorded

A

general journal

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9
Q

invoice

A

a form describing the goods or services sold, the quantity, and the price

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10
Q

a form describing the goods or services sold, the quantity, and the price

A

invoice

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11
Q

journal

A

a form for recording transactions in chronological order

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12
Q

a form for recording transactions in chronological order

A

journal

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13
Q

journalizing

A

recording transactions in a journal

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14
Q

recording transactions in a journal

A

journalizing

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15
Q

memorandum

A

a form on which a brief message is written describing a transaction

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16
Q

a form on which a brief message is written describing a transaction

A

memorandum

17
Q

receipt

A

a business form giving written acknowledgement for cash received

18
Q

a business form giving written acknowledgement for cash received

A

receipt

19
Q

sales invoice

A

an invoice used as a source document for recording a sale on account

20
Q

an invoice used as a source document for recording a sale on account

A

sales invoice

21
Q

source document

A

a business paper form which information is obtained for a journal entry

22
Q

a business paper form which information is obtained for a journal entry

A

source document

Accounting (19 decks)

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