Recording Transactions in a General Ledger
Journal – a form for recording transactions in
chronological order.
Journaling – recording transactions in a journal.
Entry – Info for each
transaction recorded
in a journal
General Journal – a journal
with two amount columns
used to record
all types of entries.
Double-Entry Accounting –
Recording debit and
credit parts of a transaction.
Each transaction affect
at least two accounts.
Source Document – a business paper from which info is obtained
for a journal entry.
Check – a business form
ordering a bank to pay cash
from a bank account.
Invoice – a form describing
the good or services sold,
the quantity, and the price.
Sales Invoice – an invoice used
for recording a sale on account.
Receipt – a business form giving written
acknowledgement for cash received.
Memorandum – a form on which a brief message is
written describing a transaction.
Calculator Tape –
tape from an electronic calculator.
1. Write the date in the Date column.
The month and year are only written
with the 1st date on the page.
2. Write the title of the account debited
in the Account Title column.
3. Write the debit amount in the Debit
column.
4. Write the title of the account credited in
the Account Title column. Indent the title.
5. Write the credit amount in the Credit
column.
6. Write the Source Document Number on
the 1st line of the entry in the Doc. No.
column.