A ledger that contains all accounts needed to prepare financial statements

The number assigned to an account

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

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

Transferring information from a journal entry to a ledger account

An additional journal entry made to correct an incorrect journal entry

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.

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

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

The third division of Delgado Web Services chart of accounts is the owner's equity division.

The first digit of account numbers for accounts in the owner's equity division is 4

The last two digits in a 3-digit account number indicate the general ledger of the account.

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

Delgado Web Services arranges expense accounts in chronological order in its general ledger.

The two steps for opening an account are writing the account tiles and recording the balance.

Separate amounts in special amount columns are not posted individually.

Separate amounts in general amount columns are not posted individually.

The only reason for the Post. Ref. columns of the journal and general ledger is to indicate which entries in the journal still need to be posted if posting is interrupted.

A check mark in parentheses below a General Debit column total indicates that the total is not posted.

The totals of general amount columns in a journal are not posted.

With the exception of the totals lines, the Post. Ref. column is completely filled in with either an account number or a check mark.

Errors discovered before entries are posted must be corrected with a correcting entry.

If an error requires a correcting entry, a memorandum is prepared as the source document describing the correction to be made.

If the payment of cash for rent was journalized and posted in error as a debit to Miscellaneous Expense instead of Rent Expense, the correcting entry will include a credit to Cash.

if an error in posting is made but not discovered until additional postings have been made to the account, the correct posting should be made on the next available line in the correct account.

All corrections for posting errors should be made in a way that leaves no question as to the correct amount.