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chapter 3
| Term | Definition |
|---|---|
| Check | a business form ordering a bank to pay cash from a bank account |
| Double-Entry Accounting | the recording of debit and credit parts of a transaction |
| Entry | information for each transaction recorded in a journal |
| Invoice | a form describing the goods or services sold, the quantity, the price, and the terms of sale |
| Journal | a form for recording transactions in chronological order |
| Journalizing | recording transactions in a journal |
| Memorandum | a form on which a brief message is written to describe a transaction |
| Proving Cash | determining that the amount of cash agrees with the accounting records |
| Receipt | a business form giving written acknowledgement for cash received |
| Sales Invoice | an invoice used as a source document for recording a sale on account |
| Source Document | a business paper from which information is obtained for a journal entry |