Accounting Chapter 4

Question 1

Ledger

Answer 1

A group of accounts

Question 2

General ledger

Answer 2

A ledger that contains all accounts needed to prepare financial statements

Question 3

Account title

Answer 3

The name given to an account

Question 4

Account number

Answer 4

The number assigned to an account

Question 5

File maintenance

Answer 5

The proceding for arranging accounts in a general ledger I sign in account numbers and keeping records current

Question 6

Opening an account

Answer 6

Writing an account title and number on the heading of an account

Question 7

Posting

Answer 7

Transferring information from a journal entry to a ledger account

Question 8

Proving cash

Answer 8

Determining that the amount of cash agrees with the balance of the cash account in the accounting records