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chapter 5
vocab
7
Accounting
11/11/2008
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Term
ledger
 Definition
a group of accuonts
Term
general ledger
 Definition
a ledger that contains all accounts needed to prepair financial statements
Term
account number
 Definition
the number assigned to an account
Term
file maintenance
 Definition
assigning account numbers and keeping records current
Term
opening an account
 Definition
writing an account title and number on the heading of and account
Term
posting
 Definition
transfering information from a journal entry to a ledger account
Term
correcting entry
 Definition
a journal entry made to correctan error in the ledger.