| A | B |
|---|
| Accounting Cycle | Activities performed in an accounting period that help the business keep its records in an orderly fashion. |
| Calendar Year | Accounting period that begins on January 1 and ends on December 31 |
| 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 |
| Fiscal Year | An accounting period of 12 months. |
| General Journal | An all-purpose journal in which all the transactions of a business may be recorded. |
| Invoice | A source document that lists the quantity, description, unit price and total cost of the items sold and shipped to a buyer. |
| Journal | A chronological recorded of the transactions of a business |
| Journalizing | The process of recording business transactions in a journal |
| Memorandum | A brief written message that describes a transaction that takes place within a business. |
| Receipt | A source document that serves as a record of cash received. |
| Source Document | A paper prepared as evidence that a transaction occurred |
