Accounting and Finance Foundations

Unit 5

Accounting and Finance Foundations Unit 5: Accounting Terminology 419

Accounting Terminology

Receipt: A business form giving written acknowledgement for cash received. When cash is received from

sources other than sales, a receipt is prepared. The receipts are pre-numbered to help account for all receipts.

Chapter 15

Student Guide

Lesson 15.1 Source Documents (cont’d)

Memorandum: A form on which a brief message is written describing a transaction. When no other source

document is prepared for a transaction or when additional explanation is needed about a transaction, a

memorandum is used to describe the transaction.

XYZ Comapny

101 Main St.

Suite 2

Anytown, CA 90099

Received from $

for

Amount of account Cash

This payment Check

Balance due Money Order

By

Number

Date

Dollars

reCeIPT

Memo

TO: Employee’s Name

FROM: Your Name

DATE: Today’s Date

SUBJECT: One or two words

Bought Supplies on account from Butler Supply,

$500.00

Align info.

using the

TAB key! Your

Initials

go here

Q.H.