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Accounting 1 Chapter 4

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
A group of accounts   Ledger  
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A ledger that contains all accounts needed to prepare financial statements   General Ledger  
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The number assigned to an account   Account number  
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The procedure for arranging accounts in a general ledger, assigning account numbers and keeping records current   File Maintenance  
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Writing an account title and number on the heading of an account   Opening an Account  
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Transferring information from a journal entry to a ledger account   Posting  
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A list of account titles and numbers showing the location of each account in the ledger   Chart of Accounts  
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An additional journal entry made due to an incorrect entry   Correcting Entry  
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Indicates that items were NOT posted separately   Check Mark  
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Created by: TammieVanScyoc
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