| A | B |
|---|
| 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 | What information for each transaction recorded in a journal is called. |
| 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. |
| Objective Evidence | Accounting Concept: Applied when a source document is prepared for each 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. |
| Memorandum (Memo) | A form on which a brief message is written describing a transaction. |
| T12 | A calculator tape from the twelfth day used as a source document. |
| Four parts of an entry | Date, debit, credit & source document |
| Business Entity | Accounting Concept: Financial information is recorded and reported separately from the owner's personal financial information. |
| Going Concern | Accounting Concept: Financial statements are prepared with the expectation that a business will remain in operation indefinitely. |
| Unit of Measurement | Accounting Concept: Business transactions are stated in numbers that have common values; that is, using a common unit of measurement. |
