Match the term with the explanation or definition.

Calendar Year:

Fiscal Year:

Accounting Period:

A period of time for which an income statement is prepared.

A period of time from January 1 through December 31.

A transaction that has been analyzed and recorded in a journal consisting of debits and credits.

An accounting period that runs for any 12 consecutive months may also be a calendar year.

Book or original entry where business transactions are entered in chronological order.

Journal Entry:

Journal:

A period of time for which an income statement is prepared.

2.American Institute of Professional Bookkeepers Adding to the PR column of the journal the account number of the ledger that was updated.

Cross-referencing Transferring, copying, recording of information from a journal to a ledger

Posting Informal listing of the ledger accounts and their balances to aid in proving that debits are equal to credits.

Compound Journal Entry Accidental arrangement of digits of a number (156 to 165)

Slide Accidental arrangement of digits of a number (156 to 165)

Transposition National association for the bookkeeping profession

Trial Balance Error that results in adding or deleting zeros in the writing of a number

A journal entry with more than two accounts.