Accounting Unit 3 Vocab

Journal

A form for recording transactions in chronological order

Journalizing

Recording transactions in a journal

Special amount column

A journal amount column headed with an account title

General amount column

A journal amount column that is not headed with an account title

Entry

Information for each transaction recorded in a journal

Double entry accounting

The recording of debit and credit parts of a transaction.

Source document

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

Check

A check which has been paid by the bank

Invoice

A form describing the goods or services sold, the quantity, the price, and the terms of sale

Sales invoice

An invoice used as a source document for recording a sale on account. Also called a sales ticket or sales slip

Memorandum

A form on which a brief message is written to describe a transaction

Proving cash

Determining that the amount of cash agrees with the accounting record