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TVS Accounting1-3
Accounting 1 Chapter 3
Question | Answer |
---|---|
A form for recording transactions in chronological order | Journal |
Recording transactions in a journal | Journalizing |
A journal amount column headed with an account title | Special Amount Column |
A journal amount column that is not headed with an account title | General Amount Column |
Information for each transaction recorded in a journal | Entry |
The recording of debit and credit parts of a transaction | Double-entry accounting |
A business paper from which information is obtained for a journal entry | Source document |
When a source document is prepared for each transaction | Objective Evidence |
A business form ordering a bank to pay cash from a bank 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 |
Determining that the amount of cash agrees with the accounting records | Proving Cash |
Indicates that only special amount columns were used in the journal entry | Check Mark |