Accounting I- Chapter 3 Vocab Review

A form for recording transactions in chronological order

• Journal

• Entry

• Source Document

• Memorandum

Recording transactions in a journal

• Journalizing

• Check

• Entry

• Source Document

Information for each transaction recorded in a journal

• Entry

• Journal

• double entry accounting

• Invoice

A journal with two amount columns in which all kinds of entries can be recorded

• General Journal

• Journal

• Receipt

• Source Document

The recording of debit and credit parts of a transaction

• Double entry accounting

• Journal

• Entry

• Source Document

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

• Source Document

• Entry

• Journal

• Double entry accounting

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

• Check

• Invoice

• Receipt

• Memorandum

A form describing the goods or services sold, the quantity, and the price

• Invoice

• Memorandum

• Check

• Journal

An invoice used as a source document for recording a sale on account

• Sales Invoice

• Source document

• Check

• Receipt

A business form giving written acknowledgement for cash received

• Receipt

• Memorandum

• Check

• Sales Invoice