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Accounting Chap 3
Vocab
Term | Definition |
---|---|
Invoice | A form describing the goods or services sold, the quantity, the price, and the terms of sale. |
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 to describe a transaction. |
Check | A business form ordering a bank to pay cash from a bank account. |
Source Document | A business paper from which information is obtained for a journal entry. |
Journalizing | Recording transactions in a journal. |
Double-entry accounting | The recording of debit and credit parts in a transaction. |
Journal | A form for recording transactions in chronological order. |