Unit 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
entry
A
Information for each transaction recorded in a journal.
4
Q
double-entry accounting
A
The recording of debit and credit parts of a transaction.
5
Q
source document
A
A business paper from which information is obtained for a journal entry.
6
Q
check
A
A business form ordering a bank to pay cash from a bank account.
7
Q
invoice
A
A form describing the goods or services sold, 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 acknowledgement for cash received
10
Q
memorandum
A
A form on which a brief message is written to describe a transaction.
