Business Recordkeeping: Journal Entries, Source Documents and Transaction Recording

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Finance - Personal Finance

charlotte1oxhi Created by 10 mon ago

Cards in this deck(11)

What is the term for a form used to record transactions in chronological order?

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What is the process of recording transactions in a journal called?

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What is the term for the information recorded for each transaction in a journal?

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What is the accounting method that involves recording both debit and credit parts of a transaction?

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What is the term for a business paper from which information is obtained for a journal entry?

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What is the business form called that orders a bank to pay cash from a bank account?

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What is the form called that describes the goods or services sold, the quantity, the price, and the terms of sale?

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What is the term for an invoice used as a source document for recording a sale on account?

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What is the business form called that gives written acknowledgement for cash received?

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What is the form on which a brief message is written to describe a transaction?

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What is the process called for determining that the amount of cash agrees with the balance of the cash account in the accounting records?

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