Account Chapter 4 Vocab

By lmcscool1, Oct 2008

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journal	a form for recording transactions in chronological order
journalizing	recording transactions in a journal
entry	information for each transaction recorded in a journal
general journal	a journal with 2 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 froma bank account
invoice	a form describing the goods or sevices sold, the quality, and the price
sales invoice	an invoice used as a source document for recording a sale on account (sell on account)
receipt	a business form giving written acknowledgement for cash received
memorandum	a form on which a brief message is written describing a transaction (buy on account)

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