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Accounting 1
Question | Answer |
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Journal | a form of recording transactions in chronological order |
journalizing | recording transactions in a journal |
special amount column | 5 amount columns: gen. debit, gen. credit, cash debit, cash credit, sales credit |
entry | info for each transaction recorded in a journal |
double entry accounting | recording of debit and credit parts of a transaction |
source document | a business paper from which info is obtained for a journal entry |
check | a business form ordering a bank to pay cash from a bank account |
receipt | a business form giving written acknowledgement for cash recieved |
memo | a form on which a brief message is written describing a transactrion |
proving cash | determining that the amount of cash agrees with accounting records |
general amount column | a journal amount column that is not headed with an account title |