Chapter 3- Vocab Flashcards
Recording transactions in a journal
Journalizing
A form for recording transactions in chronological order
Journal
Information for each transaction recorded in a journal
Entry
A journal with two amount columns in which all kinds of entries can be recorded
General journal
The recording of debit and credit parts of a transaction
Double-entry accounting
A business paper from which information is obtained for a journal entry
Source document
A business form ordering a bank to pay cash from a bank account
Check
A form describing the goods or services sold, the quantity, and the price
Invoice
An invoice used as a source document for recording a sale on account
Sales invoice
A business form giving written acknowledgement for cash received
Receipt
A form on which a brief message is written describing a transaction
Memorandum