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Chapter 4
Posting to a General Ledger
7
Accounting
12th Grade
09/14/2011

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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
Used to correct the incorrect journal entry with an additional journal entry.
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