| A | B |
|---|
| Analyzing Business Transactions | Determining the debit and credit parts of each transaction |
| Journalizing | Another term for "recording" a business transaction |
| Receipt | A source document that serves as a record of cash received. |
| Fiscal Year | An accounting period of twelve months ending on the last day of any month except December |
| Journal | A record of all the transactions of a business |
| Book of Original Entry | This term may also be called a journal. |
| Source Document | The paper that is prepared when a business transaction occurs. |
| Accounting Cycle | The activities that help a business keep its accounting records in an orderly fashion are collectively. |
| Invoice | A source document that lists the quantity, description, unit price, and total cost of the items sold and shipped to a buyer. |
| 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. |
| Calendar Year | Accounting period that begins on January 1 and ends on December 31. |
| General Journal | An all-purpose journal in which all the transactions of a business may be recorded. |
