Chapter 3 Flashcards

(10 cards)

1
Q

Journal

A

Form for recording transactions in chorological order.

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2
Q

Journalizing

A

Recording transactions in a journalizing.

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3
Q

Double- entry accounting

A

Recording of debit and credit parts of a transactions.

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4
Q

Source document

A

Business paper from which information is obtained for a journal entry.

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5
Q

Check-business

A

Form ordering a bank to pay cash form a bank account.

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6
Q

Invoice

A

Form describing the goods or services sold, the quantity, the price, and the terms of sale.

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7
Q

Sales Invoice

A

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.

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8
Q

Receipt

A

Business form giving written acknowledgement for cash received.

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9
Q

Memorandum

A

Form on which brief message is written to describe a transaction.

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10
Q

Proving cash

A

Determining that the amount of amount of cash aggress with the accounting records.

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