13 terms

Accounting 1 Chapter 3

STUDY
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Terms in this set (...)

journal
A form for recording transactions in chronological order
journalizing
recording transactions in a journal
special amount column
A journal amount column headed with an account title
general amount column
A journal amount column that is not headed with an account title
entry
Information for each transaction recorded in a journal
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 form ordering a bank to pay cash from a bank account
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
mark or stamp as paid
memorandum
a form on which a brief message is written describing a transaction
proving cash
Determining that the amount of cash agrees with the accounting records