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8 Cards in this Set
- Front
- Back
A group of accounts.
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Ledger
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A ledger that contains all accounts needed to prepare financial statements.
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General Ledger
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The number assigned to an account.
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Account Number
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The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current.
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File Maintenance
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Writing an account title and number on the heading of an account.
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Opening an Account
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Transferring information from a journal entry to a ledger account.
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Posting
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Determining that the amount of cash agrees with the balance of the cash account in the accounting records.
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Proving Cash
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A journal entry made to correct an error in a previous journal entry.
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Correcting Entry
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