accounting new Flashcards
1
Q
information for each transaction recorded in a journal
A
entry
2
Q
the recording of debit and credit parts of a transaction
A
double-entry accounting
3
Q
a business paper from which information is obtained for a journal entry
A
source document
4
Q
a business form ordering a bank to pay cash from a bank account
A
check
5
Q
a form describing the goods or services sold, the quantity, the price, and the terms of sale
A
invoice
6
Q
sales ticket or slip
A
sales invoice
7
Q
a business form given written acknowledgment for cash received
A
receipt
8
Q
a form on which a brief message is written to describe a transaction
A
memorandum
9
Q
preparing journal entires
A
book of original entry
permanent record
record using ink not pencil
use “00” to denote even dollar amounts
