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|Never erase an error, When a error is made before posting draw a signal line through the error and right the correct entry above.
|In either system the ledger is often called...
|ledger accounting forms
|in the manual accounting system, information about specific accounts is recorded in
|Is the process of transferring information from the journal to individual ledger accounts.
|proving the ledger
|adding the the debits, and adding all the credits, an finally comparing the two totals to see whether they are equal.
|Occurs when a decimal point is moved by mistake
|Occurs when two digits within an amount are accidentally reversed, or transposed.
|A formal way to prove the ledger is to prepare, a list of all the accounts names and their balances.