Chapter 4 Vocab Flashcards
1
Q
writing an account title and number on the heading of an account
A
Opening an account
2
Q
transferring information from a journal entry to a ledger account
A
Posting
3
Q
the number assigned to an account
A
Account number
4
Q
an additional journal entry that corrects the incorrect journal entry
A
Correcting entry
5
Q
the procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current
A
File maintenance
6
Q
a ledger that contains all accounts needed to prepare financial statements
A
General ledger
7
Q
a group of accounts
A
Ledger
