13 terms

Accounting 1 Chapter 3

STUDY
PLAY
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
A business form giving written acknowledgement for cash received
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
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