Accounting Chapter 3: Part 1 - Identifying Accounting Terms

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Terms in this set (...)

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