Posting
Accounting Cycle
Accounting Vocabulary
100
write the current date
What is first thing you do when posting a credit entry to an accounts payable ledger
100
accuracy
What is Source documents are checked for
100
A record summarizing all the information pertaining to a single item in the accouting equation
What is a Account
200
What is first step when starting a new page in the accounts payable ledger.
write the vendor name on the vendor line
200
in a journal
What is transactions are recorded where ?
200
Anything of value that is owned
What is a Asset
300
the general ledger
What is adjusting and closing entries are posted to
300
a report of deposits, withdrawls, and bank balances sentto a depositorby a bank
What is a Bank statement
400
post closing trial balance
What is prepared of the general ledger
400
the account used to summerize the owners equity in a buisness
What is Capital
500
a worksheet
What is prepared from the general ledger
500
money paid to emplyoees services
What is salary
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