A bank form which lists the checks, currency, and coins an account holder is adding to the bank account. NSF Check A check dishonored by the bank because of insufficient funds in the account of the maker of the check.

A bank form which lists the checks, currency, and coins an account holder is adding to the bank account.

NSF Check

A check dishonored by the bank because of insufficient funds in the account of the maker of the check.

Voided Check

A check that cannot be processed because the maker has made it invalid

What is not on the chart of accounts

Account balances

What type of accounts is account payable

Liabilites

What type of account is equipment

Asset

More than one entry that require more than one credit and one debit

Compound Entry

What type of account is supplies

Asset

Journal description contains

the account to be debit or credit

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Only $1/month

is used to keep track of the current balance

general ledger

what type of account is capital

owners equity

a journal is commonly called

book of original entry

what type of account is accounts receivable

asset

an example of a source document would include

invoice

what type of account is service fees

revenue

what type of account is electric expense

expense

a posting reference indicates a journal entry has been posted to the ledger/ cross reference

 

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