Accounting - Chapter 3 Study Guide

________________ is used as a source document for recording a sales on account.

• check

• sales invoice

• receipt

• entry

A form of recording transactions in a chronological order.

• double entry accounting

• journal

• source document

• memorandum

a form on which a brief message is written to describe a transaction.

• receipt

• invoice

• memorandum

• source document

Recording transactions in a journal.

• double entry accounting

• source document

• journalizing

• memorandum

A form describing the goods or services sold, the quantity, the price, and the terms of sale.

• invoice

• memorandum

• source document

• double entry accounting

a business form ordering a bank to pay cash from a bank account.

• check

• receipt

• invoice

• source document

information for each transaction recorded in a journal

• entry

• double entry accounting

• check

• receipt

a business form for giving written acknowledgement for cash received.

• invoice

• check

• receipt

• memorandum

a business paper from which information is obtained for a journal entry.

• journal

• source document

• receipt

• double entry accounting

the recording of debit and credit parts.

• double entry accounting

• journalizing

• receipt

• memorandum