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Chapter 3 Accounting Flash Cards

AB
entryInformation for each transaction recorded in a journal.
journalA form for recording transactions in chronological order.
source documentA business paper form which information is obtained for a journal entry.
special amount columnA journal amount column headed with an account title.
general amount columnA journal amount column that is not headed with an account title.
double-entry accountingThe recording of debit and credit parts of a transaction.
invoiceA form describing the goods or services sold, the quantity, and the price.
journalizingRecording transactions in a journal
proving cashDetermining that the amount of cash agrees with the accounting records.
checkA business form ordering a bank to pay cash from a bank account.
sales invoiceAn invoice used as a source document for recording a sale on account.
receiptA business form giving written acknowledgment for cash received.
memorandumA form on which a brief message is written describing a transaction.
CreditThe journal columns used to record receiving cash from sales are Cash Debit and Sales _____.
isA transaction recorded in a journal ______ considered a permanent record.
source documentA complete entry consists of the date, the debit amount, the credit amount, and ________.
Double lines_________are ruled across a journal's amount columns to indicate that the totals have been verified as correct.
Cash_____ is always proved at the end of a month.
add or subtractA single line ruled across the journal's amount columns indicates ____
Cash, GeneralWhen cash is paid on account, the amount is recorded in the _____debit column and _____ credit column.
Credit, DebitWhen cash is received from sales, the amount is recorded in the Sales _____column and Cash _____column.


Bay City Central High School
Bay City, MI

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