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Accounting Ch.3

TermDefinition
Journal A form 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 two amount columns in which all types of entries can be recorded
Double-Entry Accoutning The recording of debit and credit parts
Source Document A business paper from which information is obtained for a journal entry
Check A business form ordering a bank to pay cash from a banking account
Invoice A form describing goods or services sold, teh 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 received
Memorandum A form on which a brief message is written describing the transaction
Created by: bailey.baucom69
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