Posting to the General Ledger Flashcards
1
Q
a unique number assigned to an account
A
Account Number
2
Q
A collection of all account transactions and balances in an accounting system, organized by account
A
Ledger
3
Q
A list of all account titles and account numbers used in a ledger
A
Chart of Accounts
4
Q
A ledger containing all of the accounts needed to prepare financial statements
A
General Ledger
5
Q
An account that is included in company financial statements
A
General Ledger Account
6
Q
The process of transferring transactions from a journal to a ledger
A
Posting
7
Q
The process of ensuring the bank account balance
A
Proving Cash
