| A | B |
|---|
| Temporary Accounts | "revenue, expense, and withdrawals accounts are used to collect information for a single accounting period.” |
| Permanent Accounts | “are continuous from one accounting period to the next.” |
| Revenue Recognition | “revenue is recorded on the date earned |
| Check | a business form ordering a bank to pay cash from a bank account |
| Invoice | a form describing the goods or services sold, the quantity, and the price. |
| Sales Invoice | an invoice used as a source document for recording a sale on account |
| Receipt | a business form giving written acknowledgment for cash received. |
| memorandum | a form on which a brief message is written describing a transaction |
| proving cash | determining that the amount of cash agrees with the accounting records |
