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Chapter 4 vocab
Question | Answer |
---|---|
A form of recording transactions in chronological order | Journal |
Recording transactions in a journal | Journalizing |
Daily | Diurnalis |
Information for each transaction recorded in a journal | Entry |
A journal with two amount columns in which all kinds of entries can be recorded | General Journal |
The recording of debit and credit parts of a transaction | Double-entry accounting |
A business paper form which information is obtained for a journal entry | Source document |
A source document is prepared for each transaction | Objective Evidence |
A business form ordering a bank to pay cash from a back account | Check |
A form describing the goods or services sold, the quantity, and the price | Invoice |
An invoice used as a source document for recording a sale on account | Sales Invoice |
A business form giving written acknowledgement for cash received | Receipt |
A form on which a brief message is written describing a transaction | Memorandum |
The column in a general journal where the account title is written | Account Title Column |
In a general journal, the account title that is credited is normally indented | Recording Transaction |
Recorded in the Doc. No. column of the general journal | Recording Source Document |
Each transaction affects at least two accounts: one account will be debited, and one account will be credited | Transaction Affects |
When business transactions are stated in numbers that have common values | Unit of Measurement |