Account Terminology

1. happen; taken place
5. To choose.
6. Year An accounting period of 12 months.
8. A record of cash received by a business.
9. Process of doing something by hand.
10. A source document that lists the quantity, description, unit price, and total cost of the items sold and shipped to a buyer.
11. Cycle Account periods of a business with separated activities.
12. journal An all-purpose journal in which all the transactions of a business may be recorded.
14. A record of the transactions of a business.
15. stub List of the same information that appears on a check.

2. year Account period that begins in Jan.1 and ends on Dec.1
3. To influence or change someone or something.
4. A brief written message that describes a transaction that takes place in a business.
7. The process of recording data into your journal.
13. document A document that provides evidence of a transaction.