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c4 PGL

chapter 4 posting to a general ledger

QuestionAnswer
ledger a group of accountants
general ledger a ledger that contains all accounts needed to prepare financial statements
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 title account name and number
posting transferring info from a journal entry to a ledger account
correcting entry corrected with an additional journalentry
Created by: jgreenhill
Popular Accounting sets

 

 



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