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chapter 4 accounting
posting to a general ledger
Question | Answer |
---|---|
incorrect journal entry should be corrected with an additional journal entry | correcting entry |
transferring info from a journal entry to a ledger account | posting |
group of accounts | ledger |
a ledger that contains all accounts needed to prepare financial statements | general ledger |
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 a new account |
the number assigned to an account | account number |