Show:
Source Documents
Journal
transactions
Account Names
Journal 2
100
A document detailing a transaction
What is a source document
100
A journal column not headed with an account tittle
What is the general amount column
100
when money is added to an asset account
What is a debit
100
the account containing all cash transactions
What is the cash account
100
debits first then credits
What is the order of the journal
200
The source document for all cash payments
what is a sales invoice
200
A journal account column with an account name
What is a special amount column
200
when money is added owners equity/liability account
What is a credit
200
the account indicating that you owe money
What is accounts payable
200
an accounting system in which at least two columns are affected
What is double entry account
300
the source document for daily sales
what is calculator tape
300
True/False you can correct a journal entry simply by erasing it and writing in the correct entry
False
300
debiting cash and crediting accounts receivable
What is receiving cash on account
300
the account indicating the worth of the company/buisnes
What is the capital account
300
the term used when preparing a months totals to be moved to the next months
What is carried forward
400
the document used when supplies are bought on account
What is a memoradum
400
used to indicate that the totals are correct
what are Double lines
400
doing a service with the promise to be payed later
What is providing service on account
400
the account used when the owner takes out money for personal use
What is the drawings account
400
debit cash credit sales
What is receiving cash fors ales
500
A businesses form ordering a bank to pay cash from a bank account
What is a check
500
making sure the cash in matches the account totals
What is proving the journal
500
the term used when bringing forward a previous months entries to the next months
What is brought forward
500
what account is used when paying for overhead
What is the expense account
500
when an item has been returned
What is one of the only times you would debit sales