Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Accounting Chapter 6
| Term | Definition |
|---|---|
| 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 twelve 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 record 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. |
Created by:
ashipley250
Popular Accounting sets