Quiz-Accounting 1-Chapter 4-Century 21

A group of accounts

A ledger that contains all accounts needed to prepare financial statements.

The number assigned to an account.

The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current.

Writing an account title and number on the heading of an account.

Transferring information from a journal entry to a ledger account.

Determining that the amount of cash agrees with the balance of the cash account in the accounting records.

A journal entry made to correct an error in a previous journal entry.

Because an account form has columns for the debit and credit balance of an account, it is often referred to as the :

The _______________________ division accounts for TechKnow Consulting are numbered in the 100s.

The first digit of account numbers for accounts in the :______________________division is 3.

The last two digits in a 3-digit account number indicate the general ledger______ of the account.

When adding a new_____________________account between accounts numbered 510 and 520, the new account is assigned the account number 515.

Each amount in the debit and credit columns of a general journal is posted to the account written in the ___________________ column.

A blank in the ____________________________ of the journal indicates that posting for that line still needs to be completed.