13 terms

Chapter 3 Vocabulary

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Journal
Form for recording transactions in chronological order.
Source Document
A business paper from which information is obtained for a journal entry.
Journalizing
Recording transactions in a journal.
Entry
Information for each transaction recorded in a journal.
Check
Business paper ordering a bank to pay cash from a bank account.
Proving Cash
Determining that the amount of cash agrees with accounting records
Special Amount Column
A journal amount column headed with an account title.
General Amount Colymn
A journal amount column that is not headed with an account title.
Double Entry Accounting
The recording of debit and credit parts of a transaction.
Invoice
A form describing the 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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