| A | B |
|---|
| Accounting Cycle | “The accounting period of a business are separated into activities that help the business keep its accounting records in an orderly fashion.” |
| Source Document | “The evidence that a transaction occurred.” |
| Invoice | “Lists specific information about a business transaction involving the buying or selling of an item.” |
| Receipt | “A record of cash received by a business.” |
| Memorandum | “A brief written message that describes a transaction that takes place within a business.” |
| Check Stub | “Lists the same information that appears on a check; it also shows the balance 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 | “January 1 through December 31.” |
| Fiscal Year | “Any accounting period of 12 months.” |
| General Journal | “An all purpose journal in which all of the transactions of a business may be recorded.” |
| Amnesty | an undertaking by authorities to take no action against specified offenses or offenders during a fixed period. |
| Compare | To examin (two or more objects, ideas, people, etc.) in order to note similarities and differences. |
| Contrast | To compaire or appraise in order to show unlikeness or differences; note the opposite natures, purposes, etc. |
| incompetent | lacking qualification or ability; incapable; not having or showing the necessary skills to do something successfully |
