Chapter 3 Vocab Accounting - Cengage

Recording of debits and credits.

• memo

• double entry accounting

• invoice

• journal

Brief message written to describe a transaction.

• receipt

• invoice

• memo

• source document

Recording transactions in a journal.

• journalizing

• double entry accounting

• invoicing

• outscourcing

Information for each transaction recorded in a journal.

• memo

• receipt

• entry

• journalizing

Business paper for a journal entry.

• source document

• memo

• receipt

• invoice

Business form acknowledging receipt of cash.

• memo

• sales invoice

• invoice

• receipt

Form describing goods, quantity, price, and terms of sale.

• memo

• invoice

• receipt

• journal

Form for recording transactions.

• receipt

• sales slip

• sales invoice

• journal

Business form ordering a bank to pay cash.

• check

• receipt

• sales invoice

• memo

Invoice to record a sale on account.

• sales invoice

• memo

• journal

• receipt