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Rice Acctg Ch4 Set 1

Maplewood Rice Acctg Ch 4

QuestionAnswer
Ledger a group of accounts
General Ledger a ledger that contains all accounts needed to prepare financial statements
Account Number the number assigned to an account.
File Maintenance procedure for arranging accounts in a general ledger, assigning accounting numbers, and keeping records current
Opening an account writing an account title and number 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
Popular Accounting sets

 

 



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