Definitions
| Term (memorize) | Defininition (memorize) |
|---|---|
| Hardware | Includes computers, disk drivers, monitors, printers, and the network. |
| Network | System of electronic linkages that allow different computers to share information. |
| Server | The main computer in a network, program and data are stored here. |
| Menu | A list of options for choosing computer functions. |
| Online Processing | Computerized processing of related functions, recording and posting transactions on a continuous basis. |
| Batch Processing | Computerized accounting for similar transactions in a group or batch. |
| Enterprise Resource Planning (ERP) | Software that integrates all functions and departments into a single system. |
| Data Warehouse | Large database holding data for years, used for analysis rather than transaction processing. |
| Module | Separate compatible units of an accounting package that are integrated to function together. |
| Spreadsheet | Computer program that links data by means of formulas and functions; and electric work sheet. |
| General Journal | Journal used to record all transactions that do not fit one of the special journals |
| Special Journal | Journal designed to record one specific type of transaction. |
| Sales Journal | Used to record credit sales. |
| General Ledger | Ledger of accounts that are reported in the financial statements. |
| Subsidiary Ledger | Record of accounts that provides supporting details on individual balances. The total appears in a general ledger account. |
| Control Account | An account whose balances equals the sum of the balances in a group of related accounts in a subsidiary ledger. |
| Cash Receipts Journal | Used to record cash receipts. |
| Purchases Journal | Used to record all purchases of inventory, supplies, and other assets. |
| Cash Payments Journal | Used to record cash payments by check. AKA check register / cash disbursements. |
| Credit Memorandum or Credit Memo | A document issued by a seller to credit a customer account for returned merchandise. |
| Debit Memorandum or Debit Memo | Issued by a buyer when returning merchandise, informs the seller that the buyer no longer owes for the amount. |
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