| 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. |
