| A | B |
|---|
| accounting cycle | The accounting period of a business is separated into activities that help the business keep its accounting records in an orderly fashion. |
| source document | A paper prepared as evidence that a transaction occured. |
| invoice | A bill; a form that lists the quantity, description, unit price, and total cost of the items sold and shipped to a buyer. |
| receipt | A form that serves as a record of cash received. |
| memorandum | A brief written message that describes a transaction that takes place within a business. |
| check stub | A source document that lists the same information that appears on a check and shows the balance in the checking account before and after each check is written. |
| journal | A chronological record of all of the transactions of a business. |
| journalizing | The process of recording business transactions in a journal. |
| calendar year | Period for which a business begins on January 1 and ends on December 31. |
| fiscal year | An accounting period of twelve months. |
| general journal | An all-purpose journal in which all the transactions of a business may be recorded. |
