Acct Ch 4 11e ( Posting to a General Ledger ) - revKO'B

Front

What is a ledger that contains all accounts needed to prepare financial statements?

Back

General Ledger

Front

What is File Maintenance?

Back

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

Front

What is the process in which you transfer information from a journal entry to a ledger account?

Back

Posting

Front

What is proving cash?

Back

Determining that the amount of cash agrees with the accounting records

Front

What is the number assigned to an account?

Back

Account Number

Front

What numbers, respectively, do assets, liabilities, owner's equity, revenue, and expenses start with?

Back

1,2,3,4,5

Front

In what order are expense accounts listed?

Back

Alphabetically

Front

In what order are asset accounts listed?

Back

liquidity (how quickly turned to cash)

Front

In what order are revenue accounts listed? Options: liquidity (how quickly turned to cash), Order of Volume/Importance, Chronologically, Alphabetically

Back

Order of Volume/Importance

Front

In what order are liability accounts listed? Options: liquidity (how quickly turned to cash), Order of Volume/Importance, Chronologically, Alphabetically

Back

Alphabetically