Chapter 3- Vocab Flashcards

0
Q

Recording transactions in a journal

A

Journalizing

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1
Q

A form for recording transactions in chronological order

A

Journal

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2
Q

Information for each transaction recorded in a journal

A

Entry

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3
Q

A journal with two amount columns in which all kinds of entries can be recorded

A

General journal

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4
Q

The recording of debit and credit parts of a transaction

A

Double-entry accounting

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5
Q

A business paper from which information is obtained for a journal entry

A

Source document

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6
Q

A business form ordering a bank to pay cash from a bank account

A

Check

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7
Q

A form describing the goods or services sold, the quantity, and the price

A

Invoice

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8
Q

An invoice used as a source document for recording a sale on account

A

Sales invoice

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9
Q

A business form giving written acknowledgement for cash received

A

Receipt

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10
Q

A form on which a brief message is written describing a transaction

A

Memorandum

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