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A sequence of business activities completed throughout a fiscal period to keep accounting
records in an orderly fashion
accounting cycle
A system in which information is recorded by entering it into a computer
computerized accounting system
The source document for recording a cash payment transaction
check stub
The business document prepared when cash is received
receipt
A business paper that verifies that a transaction actually occurred
source document
A source document that shows the date of a business transaction, the items purchased, the
quantity of each item, and the cost of each item
invoice
A chronological record of business transactions
journal
An accounting system where business information is recorded by hand
manual accounting system
The process of recording business transactions in a journal
journalizing
A brief message written to describe a transaction that takes place within a business
memorandum
An all-purpose journal in which all transactions of a business may be recorded
general journal