Accounting Chapter 4 Test

A group of accounts

• Ledger
• General Ledger
• Correcting Entry
• Account Number
• Posting

The number assigned to an account

• Account Number
• General Ledger
• Correcting Entry
• Posting
• Opening an Account

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

• Correcting Entry
• General Ledger
• Account Number
• Posting
• Opening an Account

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

• File Maintenance
• General Ledger
• Correcting Entry
• Account Number
• Posting

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

• General Ledger
• Correcting Entry
• Account Number
• Posting
• Opening an Account

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

• Opening an Account
• General Ledger
• Correcting Entry
• Account Number
• Posting

Transferring information from a journal entry to a ledger account.

• Posting
• General Ledger
• Correcting Entry
• Account Number
• Opening an Account

With the exception of the totals lines, the Post Ref. column is completely filled in with

• a check mark (or v)
• neither of these.
• both of these
• an account number

When do you post the last line of the journal?

• as soon as the bottom of the page is reached.
• at the end of the month, when you have totals.
• every other day.
• as frequently as possible

Account numbers are assigned by ___ so that new accounts can be added easily.

• 15's
• 100's
• 10s
• none of these