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Accounting Chapter 3
Recording Transactions in a general Journals
Term | Definition |
---|---|
Journal | a form for recording transactions in chronological order |
journalizing | recording transactions in a journal |
entry | information for each transaction recorded in a journal |
general journal | a journal with amount columns in which all kinds of entries can be recorded |
double- entry accounting | the recording of debit and credit parts of a transaction |
source document | a business paper from which information is obtained for a journal entry |
check | A business form ordering a bank to pay cask from a bank account |
invoice | a form describing the goods or services sold, the quality , 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 brief message is written describing a transaction |