Accounting Chapter 3 Vocabulary

9 cards   |   Total Attempts: 182
  

Cards In This Set

Front Back
Entry
Information for each transaction recorded in a journal
General journal
journal with two amount columns in which all kinds of entries can be recorded
Double-entry accounting
The recording of debit and credit parts of a transaction
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 bank account
Invoice
  • a form describing the goods or services sold, the 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 acknowledge for cash received
Memorandum
A form on which a brief massage is describing a transaction