Accounting 1 Ch. 3 (10e) Terms

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

• Check

• Invoice

• Memorandum

• Receipt

The recording of debit and credit parts of a transaction.

• Double-entry accounting

• Journal

• Proving cash

• Source document

Information for each transaction recorded in a journal.

• Entry

• Invoice

• Proving cash

• Drawing

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

• Invoice

• Journal

• Memorandum

• Receipt

A form for recording transactions in chronological order.

• Journal

• Double-entry accounting

• Entry

• Memorandum

Recording transactions in a journal.

• Journalizing

• Proving cash

• Source document

• Receipt

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

• Memorandum

• Invoice

• Receipt

• Sales invoice

Determining that the amount of cash agrees with the accounting records.

• Proving cash

• Drawing

• Source document

• Entry

A business form giving written acknowledgement for cash received.

• Receipt

• Invoice

• Check

• Memorandum

An invoice used as a source document for recording a sale on account. A sales invoice is also referred to as a sales ticket or a sales slip.

• Sales invoice

• Receipt

• Memorandum

• Check