Accounting
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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Correcting Entry | An entry made to correct an error in a journal entry discovered after posting.
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General Ledger | A permanent record organized by account number
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Ledger Account Forms | The accounting stationery used to record financial informations about specific accounts.
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Posting | The process of transferring information from the journal to individual general ledger accounts.
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Proving the Ledger | Adding all debit balances and all credit balances of ledger accounts, and then comparing the two totals to see whether they are equal.
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Slide Error | Error that occurs when a decimal point is moved by mistake.
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Transposition Error | Error that occurs when two digits within an amount are accidentally reversed, or transposed
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Trail Balance | A list of all the general ledger account names and balances; it is prepared to prove the ledger.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
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Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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