Ch 4 Study Guide

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

• Account number
• Correcting entry
• File maintenance
• General ledger

The number assigned to an account

• Account number
• Correcting entry
• File maintenance
• General ledger

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

• Account number
• Correcting entry
• File maintenance
• General ledger

An additional journal entry made to correct an incorrect journal entry.

• Account number
• Correcting entry
• File maintenance
• General ledger

A group of accounts

• Ledger
• Opening an account
• Posting
• Proving cash

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

• Ledger
• Opening an account
• Posting
• Proving cash

Transferring information from a journal entry to a ledger account.

• Ledger
• Opening an account
• Posting
• Proving cash

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

• Ledger
• Opening an account
• Posting
• Proving cash

The asset division accounts for Delgado Web Services are numbered in the 200s.

• True
• False

The cash account for Delgado Web Services is the first asset account and is numbered 110.

• True
• False