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Chapter. 4 werdz

Accounting Posting a general ledger

QuestionAnswer
Ledger A group of accounts
General Ledger A ledger that contains all accounts needed to prepare a financial statement
Account Number The number assigned to an account
File Maintenance The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current
Opening An Account Writing an account number and title on the heading of an account
Posting Transferring information from a journal entry to a ledger account
Correcting Entry A journal entry made to correct an error in the ledger
Created by: hopoffmycactus
Popular Accounting sets

 

 



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