Tema 3: Journalizing Transactions and Posting to a General Ledger

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  1. Check
    A business form ordering a bank to pay cash from a bank account
  2. Double- entry Accounting
    The recording of debit and credit parts of a transaction
  3. Entry
    Information for each transaction recorded in a journal
  4. General Amount Column
    A journal amount column that is not headed with an account title
  5. Invoice
    A form of describing the goods or services sold, the quantity, and the price
  6. Journal
    A form for recording transactions in chronological order
  7. Journalizing
    Recording transactions in a journal
  8. Memorandum
    Aform on which a brief message is written describing a transaction
  9. Receipt
    A business form giving written acknowledgment for cash received
  10. Sales Invoice
    An invoice used as a source document for recording a sale on account
  11. Source Document
    A business paper from which information is obtained for a journal entry
  12. Account Number
    The number assigned to an accout
  13. Correcting Entry
    An additional journal entry, used to correct an incorrect jounal entry
  14. General Ledger
    A ledger that contains all accounts needed to prepare financial statements
  15. Opening an Account
    Writing an account title and number on the heading of an account
  16. Posting
    Transferring information from a journal entry to a ledger account
Card Set:
Tema 3: Journalizing Transactions and Posting to a General Ledger
2013-01-30 15:05:05

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