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Chapter 6
Accounting.
| Term | Definition |
|---|---|
| Accounting Cycle | The accounting period of a business is separated into activities called... |
| Calendar Year | If the fiscal year for a business begins on January 1 and end December 31st it is called... |
| Check stub | List the same information that appears on a check: the date written, the person or business to whom the check was written, and the amount on the check. |
| Fiscal year | An accounting period of 12 months. |
| general journal | All purpose journal in which all the transactions of a business may be recorded |
| invoice | Lists specific information about a business transaction involving the buying or selling of an item on account. |
| journal | Is a record of the transaction of a business. Kept in chronological order. |
| journalizing | The process of recording the transactions in a journal. |
| memorandum | A brief written message that describes a transaction that takes place within a business. |
| receipt | A record of cash received by a business. |
| source document | When a business transaction occurs, a paper is prepared as evidence of that transaction |
Created by:
Jdegolier16
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