| Flap 1 | Flap 2 |
| Ledger | Group of accounts. |
| General Ledger | A ledger that contains all accounts needed to prepare financial statements. |
| Account Number | Number assigned to an account. |
| File Maintenance | The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current. |
| Posting | Transferring information from a journal entry to a ledger account. |
| Correcting Entry | An incorrect journal entry should be corrected with an additional entry called a correcting entry. |
| Opening an Account | Writing an account title and number on the heading of an account. |
