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7 Cards in this Set
- Front
- Back
ledger |
group of accounts used in a business |
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General ledger |
a ledger that contains all accounts needed to prepare financial statement
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account number |
the number assigned to an account |
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File maintenance |
the procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current. |
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Opening an account |
writing an account tittle and number on the heading of an account |
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Posting |
transfering information from a journal entry to a ledger account |
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correcting Entry |
a journal entry made to correct an error in a ledger. |