Accounting I- Chapter 4 Vocab Review

Writing an account title and number on the heading of an account is called

• Opening an account

• Account number

• Ledger

• Posting

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

• File Maintenance

• Ledger

• General Ledger

• Opening an account

The number assigned to an account is called a/an

• Account number

• Ledger

• General ledger

• File maintenance

Determining that the amount of cash agrees with the balance of the cash account is called

• Proving cash

• Opening cash

• Correcting entry

• File maintenance

A ledger that contains all accounts needed to prepare financial statements is called a/an

• General ledger

• Ledger

• Accounts

• Opening an account

A list of accounts used by a business is called a

• Chart of accounts

• Credit

• Debit

• T-Account

A journal entry made to correct an error in the ledger is called a /an

• Correcting entry

• Reversing entry

• Adjusting entry

• General entry

Transferring information from a journal entry to a ledger account is called

• Posting

• General ledger

• Opening an account

• Transferring

A group of accounts is called a/an

• Ledger

• Opening an account

• Posting

• Account number