13 terms

Acounting CH. 3- Journalizing transactions

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Journal
a ledger in which transactions have been recorded as they occurred
Journalizing
Recording transactions in a journal.
Special Amount Column
A journal Amount column headed with an acount title., 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 written order directing a bank to pay money
Invoice
an itemized statement of money owed for goods shipped or services rendered
Sales Invoice
An invoice used as a source document for recording a sale on account
Reciept
a business form giving written acknowlegement for cash recieved
Memorandum
A form on which a brief message is written describing a transaction
Proving Cash
determining that the amount of cash agrees with the balance of the cash account in the accounting records