Accounting Review ~ Chapter 3

Determining that the amount of cash agrees with the accounting records

A business form ordering a bank to pay cash from a bank account

What does Post. Ref. stand for? 

What are Three things that must be on every journal page?

What is the Normal Balance for Assets?

A form on which a brief message is written to describe a transaction 

What is the Normal Balance for Drawing? 

Recording transactions in a journal is called: 

A journal amount column that is not headed with an account title

How many accounts does each transaction effect?

A form for recording transactions in chronological order

What is the normal balance for Liability? 

Cash on hand at the beginning of the month + total cash received during the month =

What does "R" stand for?

What is the Normal Balance for Owner's Equity?

A form describing the goods or services sold, the quantity, the price, an the terms of the sale

An invoice used as a source doc. for recording a sale

Liabilities + Owner's Equity = 

Where is the page number in a Journal?

What is the Normal Balance for Expenses?

What does "C" stand for?

A business paper from which information is obtained for a journal entry.

The recording of debit and credit parts of a transaction

What is the normal balance for Revenues?

Information for each transaction recorded in a journal

A business form giving written acknowledgement for cash received.