Chapter 3
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Created by:
CynthiaCabrera on September 13, 2010
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11 terms
Terms | Definitions |
|---|---|
 Journal | A form of recording transactions in chronological order |
| Journalizing | Recording transactions in a journal |
| Entry | Information for each transaction recorded in a journal |
| General Journal | A journal with two amounts columns in which all kinds of entries can be recorded. |
| Double-Entry Accounting | The recording of debit and credit parts of a transaction |
| Source Document | A business paper from which information is obtained for a journal entry |
| Check | A business from ordering a bank to pay cash from a bank accounting |
| Invoice | A form describing goods or services sold, the quantity, and the price |
| Sales Invoice | An invoice used as a source document for recording a sale on account |
| Receipt | A business form giving written acknowledgement for cash received |
| Memorandum | A form on which a brief message is written describing a transaction |
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