A group of accounts is called a ledger.

A ledger that contains all accounts needed to prepare financial statements is called a general ledger.

The number assigned to an account is called an account number.

The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current is called file maintenance.

Writing an account title and number on the heading of an account is called opening an account.

Upgrade to remove ads

Busy. Please wait.

Don't have an account? Sign up

taken

Age:

12 or younger
13 or older

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password

Enter the email address associated with your account, and we'll email you a link to reset your password.

Help

Options

focusNode

Didn't know it?
click below

Knew it?
click below

Don't Know

Remaining cards (0)

Know

retry

shuffle

restart

0:00

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

Normal Size Small Size show me how

Ch. 4.1 Vocan

Vocab

Term	Definition
Ledger	A group of accounts is called a ledger.
General Ledger	A ledger that contains all accounts needed to prepare financial statements is called a general ledger.
Account Number	The number assigned to an account is called an account number.
File Maintenance	The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current is called file maintenance.
Opening an account	Writing an account title and number on the heading of an account is called opening an account.