Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

1.02 and 2.01

Source Documents, Double Entry Accounting, General Ledger

QuestionAnswer
Source Document A business paper that contain the information needed to record the journal entry
Check/Check stub A business form that orders a bank to pay cash from a bank account.
Invoice/bill Contains date of the transaction, quantity, descriptionn and cost of each item and payment terms.
Sales Invoice An invoice that is used to record sale on account. Can also use the terms Sales Slip and Sales Ticket.
Receipt Shows the date payment was made, the name of the person or busines that paid and the amount paid.
Memorandum A form that contains a brief message describing a transaction. Often used when ther is no other type of source document.
Double-entry Accounting Recording the debit and credit parts of a transaction. Each transaction affects at least two accounts. Debits must equal credits.
Journal A form that is used to record transaction in chronological order.
Journalizing The process of recording the transaction in a journal.
General Journal A journal that has two amount columns that can contain a variety of different transactions.
Entry Consists of four parts: date, debit, credit and source documents and is recorded in the journal for each transaction.
Ledger A group of accounts.
General Ledger A ledger that contains all the accounts needed to prepare financial statements.
Account Number The number assigned to the account.
File Maintenance The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current.
Opening an Account Writing and account title and number on the heading of an account.
Posting Transferring information from a journal to a ledger account.
Correcting Entry An entry made to correct an error that is discovered after posting is completed.
Proving Cash Determining that the amounts of available cash agrees with the balance in the cash account.
Created by: mercerp53
Popular Accounting sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards