| A | B |
|---|
| journal | A form for recording transactions in chronological order. |
| journalizing | Recording transactions in a journal. |
| entry | Information for each transaction recorded in a journal. |
| general journal | A journal with two amount columns in which all kinds of entries can be recorded |
| double-entry accounting | The recording of debit and credit parts of a transaction. |
| memorandum | A form on which a brief message is written describing a transaction. |
| check | A business form ordering a bank to pay cash from a bank account. |
| invoice | A form describing the goods or services sold, the quantity, and the price. |
| sales invoice | An invoice used as a source document for recording a sale on account. |
| receipt | A business form giving written acknowledgement for cash received. |
| source document | A business paper from which information is obtained for a journal entry. |
| objective evidence | The Accounting Concept that states that all transactions require a source document |
| calculator tape | The source document for cash sales |
| lose a turn | lose a turn |
| T Account | An accounting device used to analyze transactions |
| credit | the right side of a T account |
| debit | the left side of a T account |
| normal balance | the side of an account that is increased |
| chart of accounts | a list of accounts used by a business |
