Unit 3 Definitions 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 acknowledgment for cash received
10
Q
Memorandum
A
a form on which a brief message is written to describe a transaction
