Chapter 4 Flashcards
0
Q
General ledger
A
A ledger that contains all account needed to prepare financial statements
1
Q
Ledger
A
A group of accounts
2
Q
Account number
A
The number assigned to an account
3
Q
File maintenance
A
The procedure for arranging accounts in a general ledger, assigning account number, and keeping records current
4
Q
Opening an account
A
Writing an account title and number on the heading of an account
5
Q
Posting
A
Transferring information from a journal entry to a ledger account
6
Q
Correcting entry
A
And additional journal entry that corrects an incorrect journal entry
