A group of accounts.

• ledger

• general ledger

• journal

• posting

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

• general ledger

• posting

• file maintenance

• correcting entry

The number assigned to an account.

• account number

• file maintenance

• ledger

• posting

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

• file maintenance

• proving cash

• opening an account

• correcting entry

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

• opening an account

• proving cash

• file maintenance

• posting

Transferring information from a journal entry to a ledger account.

• posting

• proving cash

• file maintenance

• correcting entry

Determining that the amount of cash agrees with the balance of the cash account in the accounting records.

• proving cash

• opening an account

• correcting entry

• posting

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

• correcting entry

• posting

• file maintenance

• proving cash

Because an account form has columns for the debit and credit balance of an account, it is often referred to as the balance-ruled account form.

• True

• False

The asset division accounts for TechKnow Consulting are numbered in the 100s.

• True

• False