chapter 4

Question 1

A group of accounts is called a

Answer 1

Ledger

Question 2

A Ledger that contains all accounts needed to prepare financial statements is called a

Answer 2

General Ledger

Question 3

The name given to an account is known as the

Answer 3

Account title

Question 4

The number assigned to an account is called an

Answer 4

Account number

Question 5

The Procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current is called

Answer 5

File Maintenance

Question 6

Writing account title and number on the heading of an account is called opening

Answer 6

Opening an account

Question 7

Transferring information from a journal entry to a ledger account is called

Answer 7

Posting

Question 8

Determining That the amount of cash agrees with the balance of the cash account in the accounting records is called

Answer 8

Proving Cash

Question 9

An incorrect journal entry should be corrected with an additional journal entry called a

Answer 9

correcting entry