4.3 Posting to the ledger

Question 1

Transferring information from a journal to a ledger

Answer 1

Posting

Question 2

Permanent and classified record of all accounts of a business / Final Book of Entry

Answer 2

Ledger

Question 3

Standard form

Answer 3

T- Account Form

Question 4

Balance Ledger Form

Answer 4

Running Balance form

Question 5

Types of ledgers

Answer 5

General and Subsidiary Ledger

Question 6

Groups of similar ledgers with combined balances equal to the balance of a specific general ledger account

Answer 6

Subsidiary Ledgers

Question 7

Summary account that is used to check the mathematical accuracy of the ledgers it controls

Answer 7

Control Account