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chart of accounts 4
vocab
Question | Answer |
---|---|
group of accounts | ledger |
ledger that contains all accounts needed to prepare financial statements | general ledger |
number assigned to an account | account number |
procedure for arranging accounts in general ledger, assigning account numbers, and keeping records current | file maintenance |
writing an account title and number on the heading of an account | opening an account |
transferring information from a journal entry to ledger account | posting |
incorrect journal entry should be corrected with an additional journal entry called _____ | correcting entry |