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Chapter 4 K

Terms from Chapter 4

QuestionAnswer
A group of accounts Ledger
A ledger that contains all account needed to prepare financial statements General Ledger
The number assigned to an account Account Number
The procedure for arranging accounts in a 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 a ledger account Posting
The incorrect journal entry should be corrected with an additional journal entry Correcting entry
Created by: kaleymarshall
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