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13 Cards in this Set
- Front
- Back
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Journal |
A form for recording transactions in chronological order |
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Journalizing |
recording transactions in a journal |
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Special Amount Column |
A journal amount column headed with an account title -Used for accounts that are used frequently in the business -Cash - Sales |
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General Amount Column |
A journal amount column that is not headed with a account title(general) |
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Entry |
Information for each transaction recorded in a journal |
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Double-Entry Accounting |
Recording debit and credit parts for each transaction that occurs in a busineess |
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Source Documents |
A business paper from which information is obtained for a journal entry -Checks -Sales Invoice -Purchase Invoice -Receipt -Memos |
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Check |
A business form ordering a bank to pay cash from a bank account |
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Invoice |
A form describing the goods or services sold, the quality, and the price |
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Sales Invoice |
An invoice used as a source document for a sale on account |
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Receipt |
A business form giving written acknowledgment for cash received |
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Memorandum |
A form on which a brief message is written describing a transaction |
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Proving Cash |
Determining that the amount of cash agrees with the accounting records |
