Chapter 4 Accounting Review

What is the term or putting the individual line items from the journal into the general ledger?

• journalizing

• posting

• adding

• ruling

All liabilities are labeled with this category #:

• 100

• 200

• 300

• 400

• 500

All expenses are labeled with this category #:

• 100

• 200

• 300

• 400

• 500

All assets are labeled with this category #:

• 100

• 200

• 300

• 400

• 500

All owner's equity accounts are labeled with this category #:

• 100

• 200

• 300

• 400

• 500

All sales are labeled with this category #:

• 100

• 200

• 300

• 400

• 500

Sales and Expense accounts are itemized in this account group:

• Balance Sheet Accounts

• Income Statement Accounts

Assets, Liabilities and Owner's Equity accounts are itemized in this account group:

• Balance Sheet Accounts

• Income Statement Accounts

The first step in posting procedure is writing the

• Entry Date

• Journal Page Number

• Debit or Credit Amount

• Account Title

An account number in the journal's Post Reference Column shows

• The date of entry

• The chronological order

• The account to which an amount is posted