Details

Title: Accounting Chapter 3

Description: vocab

Total Flash Cards: 13

Created: 01/20/2009 11:28:58

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Additional Accounting Flashcards

Cards in this set:

Term
Journal
 Definition
 A form for recording transactions in chronological order.
Term
Journalizing
 Definition
Recording transactions in a journal.
Term
Special Amount Columns
 Definition
A journal amount column headed with an account title.
Term
General Amount Columns
 Definition
A journal amount column headed with an account title.
Term
Entry
 Definition
Information for each transaction recorded in a journal.
Term
Double-Entry Accouting
 Definition
The recording of debit and credit parts of a transaction.
Term
Source Document.
 Definition
A business paper from which information is obtained for a journal entry.
Term
Check
 Definition
A business form ordering a bank to pay cash from a bank account.
Term
Invoice
 Definition
A form describing the goods or services sold, the quantity, and the price.
Term
Sales Invoice
 Definition
An invoice used as a source document for recording a sale on account.
Term
Receipt
 Definition

A business form giving written acknowledgement for cash recieved.

 
Term
Memorandum
 Definition
A form on which a brief message is written describing a transaction.
Term
Proving Cash
 Definition
Determining that the amount of cash agrees with the accounting records