Select the one term that best fits each definition.
-Information for each transaction recorded in a journal.
A) check
B) double-entry accounting
C) entry
D) invoice
E) journal
F) journalizing
G) memorandum
H) proving cash
I) receipt
J) sales invoice
K) source document

Question

Quizplus · Accepted Answer

An entry is the term used to describe the information for each transaction recorded in a journal. It represents the basic unit of record in accounting, detailing the financial transaction that affects the company's financial statements.

Select the One Term That Best Fits Each Definition