6 terms

Accounting 1 Chapter 4

STUDY
PLAY
Ledger
A group of accounts
General Ledger
A ledger that contains all accounts needed to prepare financial statements
Account Number
The number assigned to an account
File Maintenance
The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current
Opening an account
writing an account title and number on the heading of an account
Correcting Entry
a journal entry made to correct an error in the ledger
YOU MIGHT ALSO LIKE...