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Accounting 1
| Question | Answer |
|---|---|
| Journal | a form of recording transactions in chronological order |
| journalizing | recording transactions in a journal |
| special amount column | 5 amount columns: gen. debit, gen. credit, cash debit, cash credit, sales credit |
| entry | info for each transaction recorded in a journal |
| double entry accounting | recording of debit and credit parts of a transaction |
| source document | a business paper from which info is obtained for a journal entry |
| check | a business form ordering a bank to pay cash from a bank account |
| receipt | a business form giving written acknowledgement for cash recieved |
| memo | a form on which a brief message is written describing a transactrion |
| proving cash | determining that the amount of cash agrees with accounting records |
| general amount column | a journal amount column that is not headed with an account title |
Created by:
2015jsmith
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