| A | B |
|---|
| Source Document | A business paper that contains the information needed to record the journal entry |
| Check Stub | A business form that orders a bank to pay cash from a bank account. It contains the date, amount, the name of the payee to whom the check was written and what the check purchased. The check stub is the record of information on a check and shows the balance of the account. |
| Invoice/Bill | Contains the date of the transaction, quantity, description and cost of each item and payment terms. |
| Sales Invoice | An invoice that is used to record a sale on account. Can also use the terms Sales Slip and Sales Ticket. |
| Receipt | Shows the date payment was made, the name of the person or business that paid and the amount paid |
| Memorandum | A form that contains a brief message describing a transaction. Often used when there is no other type of source document |
| Double Entry Accounting | Recording the debit and credit part of a transaction. Every transaction affects at least two accounts. Debits must equal credits |
| Journal | A form that is used to record transactions in chronological order |
| Journalizing | The process of recording the transactions in a journal |
| General Journal | A journal that has two amount columns that can contain a variety of different transactions |
| Entry | Consists of four parts: date, debit, credit and source document and is recorded in the journal for each transaction |
