Shared Flashcard Set

Details

chapter 5
vocab
7
Accounting
12th Grade
11/11/2008

Additional Accounting Flashcards

 


 

Cards

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.
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