Jenna Garbarz

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Journal: A form for recording transactions in chronological order.

Journalizing: Recording transactions in a journal.
Entry: Information for each transaction recorded in a journal.
Double-entry accounting: The recording of debit and credit parts of a
transaction.
5. Source document: A business paper from which information is obtained for a
journal entry.
6. Check: A business form ordering a bank to pay cash from a bank account.
7. Invoice: A form describing the goods or services sold, the quantity, the price,
and the terms of sale.
8. Sales invoice: An invoice used as a source document for recording a sale on
account. A sales invoice is also referred to as a sales ticket or a sales slip.
9. Receipt: A business form giving written acknowledgement for cash received.
10.Memorandum: A form on which a brief message is written to describe a
transaction.
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11.Proving cash: Determining that the amount of cash agrees with the
accounting records.

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1. Ledger: A group of accounts.
2. General ledger: A ledger that contains all accounts needed to prepare
financial statements.
3. Account number: The number assigned to an account.
4. File maintenance: The procedure for arranging accounts in a general ledger,
assigning account numbers, and keeping records current.
5. Opening an account: Writing an account title and number on the heading of
an account.
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1. Posting: Transferring information from a journal entry to a ledger account.
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1. Correcting entry: If a transaction has been improperly journalized and posted
to the ledger, the incorrect journal entry should be corrected with an
additional journal entry, called a correcting entry.
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1. Checking account: A bank account from which payments can be ordered by a

depositor.
2. Deposit slip: A bank form which lists the checks, currency, and coins an
account holder is adding to a bank account.
3. Endorsement: A signature or stamp on the back of a check transferring
ownership.
4. Blank endorsement: An endorsement consisting only of the endorser's
signature.
5. Special endorsement: An endorsement indicating a new owner of a check.
6. Restrictive endorsement: An endorsement restricting further transfer of a
check's ownership.
7. Postdated check: A check with a future date on it.
8. Voided check: A check that cannot be processed because the maker has
made it invalid.
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9. Bank statement: A report of deposits, withdrawals, and bank balances sent to
a depositor by a bank.
10.Canceled check: A check which has been paid by the bank.
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11.Dishonored check: A check that a bank refuses to pay.
12.Non-sufficient funds check: A check dishonored by the bank because of
insufficient funds in the account of the maker of the check.
13.Electronic funds transfer: A computerized cash payments system that
transfers funds without the use of checks, currency, or other paper
documents.
14.Debit card: A bank card that automatically deducts the amount of a purchase
from the checking account of the cardholder.
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15.Petty cash: An amount of cash kept on hand and used for making small
payments.
16.Petty cash slip: A form showing proof of a petty cash payment.
17.Cash short: A petty cash on hand amount that is less than the recorded
amount.
18.Cash over: A petty cash on hand amount that is more than the recorded
amount.