Chapter 4 Flashcards
1
Q
a group of accounts
A
ledger
2
Q
a ledger that contains all the accounts to prepare financial statements
A
general ledger
3
Q
the name given to an account
A
account title
4
Q
the number assigned to an account
A
account number
5
Q
the procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current
A
file maintenance
6
Q
writing an account title and number the heading of an account
A
opening an account
7
Q
transferring information from a journal entry to a ledger
A
posting
8
Q
determining that the amount of cash agrees with the balance of the cash account in your records
A
proving cash
9
Q
an incorrect journal entry should be corrected with an additional journal entry
A
correcting entry
