Chapter 3 Flashcards
(10 cards)
Journal
Form for recording transactions in chorological order.
Journalizing
Recording transactions in a journalizing.
Double- entry accounting
Recording of debit and credit parts of a transactions.
Source document
Business paper from which information is obtained for a journal entry.
Check-business
Form ordering a bank to pay cash form a bank account.
Invoice
Form describing the goods or services sold, the quantity, the price, and the terms of sale.
Sales Invoice
An invoice used as a source document for recording a sale on account. A sale invoice is also referred to as a sale ticket or sale slip.
Receipt
Business form giving written acknowledgement for cash received.
Memorandum
Form on which brief message is written to describe a transaction.
Proving cash
Determining that the amount of amount of cash aggress with the accounting records.