A sequence of business activities complete throughout a fiscal period to keep accounting records in an orderly fashion

The source document for recording a cash payment transaction

A system in which information is recorded by entering it into a computer

An all-purpose journal in which all transactions of a business may be recorded

The source document that shows the date of a business transaction, the items purchased,, the quantity of each item, and the cost of each item

A chronological record of business transactions

The process of recording business transactions in a journal

Recording business information by hand

A brief message written to describe a transaction that takes place within a business

The business document prepared when cash is received

A business paper that verifies that a transaction actually occurred

Collect source documents and verify the financial information

Analyze business transactions into their debit and credit parts

Record the debit and credit parts of each business transaction in a journal

Post each journal entry to the ledger accounts

Prepare a trial balance

Prepare a work sheet to summarize the financial information for the accounting period

Prepare the financial statements

Record and post the closing entries

Prepare a post-closing trial balance