CH4: Identifying Accounting Terms

Front

The number assigned to an account.

Back

Account number

Front

A ledger that contains all accounts needed to prepare financial statements.

Back

General ledger

Front

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

Back

File maintenance

Front

Writing an account title and number on the heading of an account.

Back

Opening an account

Front

Transferring information from a journal entry to a ledger account.

Back

Posting

Front

A journal entry made to correct an error in a previous journal entry.

Back

Correcting entry

Front

A group of accounts.

Back

Ledger