General ledger Vocabulary Chapter 4

Match the following

• General ledger

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

• ledger

• A group of accounts

• Account Number

• The procedure for arranging accounts in a general ledger, assigning account number, keeping records current

• File Maintenance

• The number assigned to an account

• Opening an account

• A Ledger that contains all accounts needed to prepare financial statements

Match the following

• posting

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

• correcting entry

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

• proving cash

• Transferring information from a journal entry to a ledger account

Because an account form has columns for the debit and credit balance of an account, it is often referred to as the balance-ruled account form.

• True

• False

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

• True

• False

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

• True

• False

The third division of the charts of accounts for Delgado Web Services is the owner's equity division

• True

• False

The first digit of account numbers for accounts in the owners equity ledger division is 4.

• True

• False

The last 2 digits in a 3-digit account number indicate the general ledger division of the account

• True

• False

When adding a new expense account between accounts numbered 510 and 520 the new account is assigned the account number of 515

• True

• False

Delgado Web Services arrange expenses accounts in chronological order in its general ledger.

• True

• False