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Accounting Chap 4

Vocab

TermDefinition
Ledger A group of accounts
General Ledger A ledger that contains all accounts needed to prepare financial statements.
File Maintenance The procedure for arranging accounts in a general ledger, assigning account 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.
Created by: Knuddar
Popular Accounting sets

 

 



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