ACCT CH 3 VOCAB

journal

• A form for recording transactions in chronological order.
• A business form giving written acknowledgement for cash received.
• The recording of debit and credit parts of a transaction.

journalizing

• Recording transactions in a journal.
• A business form ordering a bank to pay cash from a bank account.
• Information for each transaction recorded in a journal.

entry

• Information for each transaction recorded in a journal.
• A business paper from which information is obtained for a journal entry.
• Recording transactions in a journal.

double-entry accounting

• The recording of debit and credit parts of a transaction.
• A form describing the goods or services sold, the quantity, the price, and the terms of sale.
• A form on which a brief message is written to describe a transaction.

source document

• A business paper from which information is obtained for a journal entry.
• A form for recording transactions in chronological order.
• A form describing the goods or services sold, the quantity, the price, and the terms of sale.

check

• A business form ordering a bank to pay cash from a bank account.
• A form on which a brief message is written to describe a transaction.
• A form for recording transactions in chronological order.

invoice

• A form describing the goods or services sold, the quantity, the price, and the terms of sale.
• Information for each transaction recorded in a journal.
• A business paper from which information is obtained for a journal entry.

receipt

• A business form giving written acknowledgement for cash received.
• Recording transactions in a journal.
• A business form ordering a bank to pay cash from a bank account.

memorandum

• A form on which a brief message is written to describe a transaction.
• The recording of debit and credit parts of a transaction.
• A business form giving written acknowledgement for cash received.