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7 Cards in this Set

  • Front
  • Back

ledger

group of accounts used in a business

General ledger

a ledger that contains all accounts needed to prepare financial statement

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 tittle and number on the heading of an account

Posting

transfering information from a journal entry to a ledger account

correcting Entry

a journal entry made to correct an error in a ledger.