Details

Title: Accounting Chapter 4

Description: vocab

Total Flash Cards: 7

Created: 01/20/2009 11:37:42

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Additional Accounting Flashcards

Cards in this set:

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