| 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 occurred. |
| 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. |
| 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. |
