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Chapter 3
Journaling Transactions
13
Accounting
11th Grade
03/25/2011

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Term
Journal
Definition
A form for recording transactions in chronological order.
Term
Journalizing
Definition
recording transactions in a journal
Term
Special amount column
Definition
a journal used to recordonly one kind of transaction.
Term
general amount column
Definition
a jounal amount column tha tis not headed with an account title.
Term
entry
Definition
information for each trasaction recorded in a journal
Term
Double-entry accounting
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 incoice used as a source document for recording a sale on account
Term
Receipt
Definition
a business form giving written acknowledgement for cash received.
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
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