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8 Cards in this Set

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