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TermDefinition
accounting cycle actives performed in an accounting period that help the business keep its records in an orderly fashion
calender year accounting period that begins on January 1 and ends 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 accouting period of tweleve months
general journal an all purpose general in which all transactions of a business may be recorded
invoice source document that lists the quantity unit price description an total cost of items and shipped to buyer
journal chronological record of the transactions of a business
journalizing process of recording business transactions in a journal
memorandum brief written message that describes a transaction that takes place within a business
receipt source document that serves as a record of cash recvied
source document paper prepared as evidence that a transaction occurred
Created by: jcoghlan19
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