Journalizing transactions, and posting to a general ledger.
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| journal | a form for recording transactions in chronological order.
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| journalizing | recording transactions in a journal.
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| special amount column | a journal amount column headed with an account title.
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| general amount column | a journal amount column that is not headed with an account title.
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| entry | information for each transaction recorded in a journal.
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| double-entry accounting | the recording of debit and credit parts of a transaction.
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| source document | a business paper from which information is obtained for a journal entry.
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| check | a business form ordering a bank to pay cash from a bank account.
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| invoice | a form describing the goods or services sold, the quantity, and the price.
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| sales invoice | an invoice used as a source document for recording a sale on account.
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| receipt | a business form giving written acknowledgement for cash received.
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| memorandum | a form on which a brief message is written describing a transaction.
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| proving cash | determining that the amount of cash agrees with the accounting records.
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| ledger | a group of accounts
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| general ledger | a ledger that contains all accounts needed to prepare financial statements.
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| account number | the number assigned to an account.
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| file maintenance | the procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current.
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| opening an account | writing an account title and number on the heading of an account.
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| posting | transferring information from a journal entry to a ledger account.
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| correcting entry | a journal entry made to correct an error in the ledger.
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Created by:
17san
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