The Journal
Made up of all of the accounting changes for one transaction, in the form on which they are written in the general journal
What is a Journal Entry?
is a business form showing the details of a transaction in which goods or services are sold to a customer for cash
What is Cash Sales Slip?
Tax Dollars generated from business transactions
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What is Charles' Best Secondary?
The journal entry that starts the books off, or "opens" them.
What is the opening entry?
is a computerised sales register that allows a business and its customers to exchange funds electronically
What is Point of Sale Terminal?
Is a tax charged to the final consumers of goods (and a relatively small number of services)
What is retail sales tax?
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What is CODA?
What is journalising?
is a form accompanying the cheque explaining the payment (Sometimes it is a copy of the invoice)
What is Remittance Advice?
Is a tax charged to both goods and a wider variety of services as they pass through the different stages of production and delivery.
What is a value-added tax?
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It is the journal for which each balanced accounting entry is recorded first.
What is the book of original entry?
is a document generated by a point of sale terminal that contains detailed information about each transaction
What is Transaction Log?
Canada's value-added tax.
What is GST and HST?
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What is Vatican City?