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Chapter 3 werdz
Accounting - Journalizing Transactions
Question | Answer |
---|---|
Journal | A form for recording transactions in chronological order |
Journalizing | Recording transactions in a journal |
Special Amount Column | A journal amount column headed with an account title |
General Amount Column | A journal amount column that is not headed with an account title |
Entry | Information for each transaction recorded in a journal |
Double-entry Accounting | The recording of debit and credit parts of a transaction |
Source Document | A busniess paper from which information is obtained for a journal |
Check | A business form ordering a bank to pay cash from a bank account |
Invoice | A form describing the goods or services sold, the quantity, and the price |
Sales Invoice | An invoice used as a source document for recording a sale on account |
Receipt | A business form giving written acknowledgement for cash recieved |
Memorandum | A form on which a breif message is written describing a transaction |
Proving Cash | Determining that the amount of cash agrees with the accounting records |