CH 4 Posting To A General Ledger Flashcards
1
Q
A group of accounts.
A
Ledger
2
Q
A ledger that contains all accounts needed to prepare financial statements.
A
General Ledger
3
Q
The number assigned to a an account.
A
Account Number
4
Q
The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current.
A
File Maintenance
5
Q
Writing an account title and number on the heading of an account.
A
Opening An Account
6
Q
Transferring information from a journal entry to a ledger account.
A
Posting
7
Q
A journal entry made to correct an error in the ledger.
A
Correcting Entry
