Ch 16
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9 terms
Terms | Definitions |
|---|---|
 What are special journals and why do we use them? | simplify the journalizing and posting process, have amount columns to record db and crin specific general ledger acc, most transactions are on one line |
| sales journal | only for recording sales of merchandise on account |
| footing | total of column in small pencil numbers |
| proving | db=cr |
| total | total all money columns |
| ruling | after prove double underscore |
| When to post? | everyday in subsidiary monthly in general ledger |
| cash receipts journal | increasing cash |
| schedule of acc. rec. | prove total of all acc. in subsidiary = acc. rec. |
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