Posting to a General Ledger (Ch 4)

A schedule that contains all accounts needed to prepare financial statements

• Sales Invoice

• Source Documents

• General Ledger

• General Journal

The number assigned to an account

• Journal Page Number

• Posting Number

• Invoice Number

• Account Number

The first digit in the account number 520 means that the account is in the

• Expense Division

• Liability Division

• Owner's Equity Division

• Asset Division

When accounts are arranged in a general ledger, account numbers are assigned, and the chart of accounts is kept up to date, the accounting personnel are

• doing file maintenance

• journalizing

A ledger is a

• business paper from which information is obtained for an entry

• group of accounts

• a document used to record sales

• form to enter transactions in chronological order

The procedure for arranging accounts in the general ledger, assigning numbers, and keeping records current is

• journaling

• posting

• proving cash

• file maintenance

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

• journaling

• posting

• opening an account

• correcting entry

Transferring information from a journal entry to a ledger account is

• posting

• file maintenance

• correcting entry

• journaling

The last step in the posting procedure is to write the

• account number in the Post Ref column of the account

• entry date

• journal page number

• account title

An account number in the journals Post Ref column shows

• the account to which an amount is posted

• that the work on that journal page is completed

• all of these