Accounting Chapter 4

Memorandum

A form on which a brief message is written describing a transaction.

General Journal

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

Journal

A form for recording transactions in chronological order.

Invoice

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

Receipt

A business form giving written acknowledgement for cash received.

Check

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

Source Document

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

Sales Invoice

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

Entry

Information for each transaction recorded in a journal.

Journalizing

Recording transactions in a journal.

Double-Entry Accounting

The recording of debit and credit parts of a transaction.