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Chapter 3

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
show A form for recording transactions in chronological order.  
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show Recording transactions in a journal.  
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show A business form ordering a bank to pay cash from a bank account.  
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show Information for each transaction recorded in a journal.  
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Invoice   show
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Double-entry accounting   show
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show A business paper from which information is obtained for a journal entry.  
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Proving cash   show
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show An invoice used for as a source document for recording a sale on account.  
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show A business form giving written acknowledgement for cash received.  
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show A form on which a brief message is written to describe a transaction.  
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FYI – Latin meaning journal   show
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FYI – Objective Evidence   show
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show Year, month, day  
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FYI – Another name for company journal   show
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FYI – 4 parts of journal entry   show
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FYI – General Debit/Credit columns   show
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FYI – Even dollar entry   show
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show 1.Add each amount columns. 2.Add debit column totals, then credit. 3.Verify they are equal.  
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Single Rule   show
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Double Rule   show
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FYI – Carried Forward   show
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show Last column totals brought to next page.  
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show 1.Rule a single line under the last entry. 2.Next line enter date. 3.Write Carried forward. 4.Write each column total 5.double rule underneath.  
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show Do not erase, mark out.  
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Created by: andrew.v
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