A _________ shows in one place all the changes in a single account.
What is a ledger
100
The procedure for transgerring information from a journal entry to a ledger account is _______
What is posting
100
The first digit in the account number 120 means that the account is in the _________ division of the general ledger.
What is asset
100
The procedure of arranging accounts in a general ledger, assigning account numbers, and keeping records current is ______________
What is file maintenance
100
When adding a new expense account between accounts numbered 510 & 520 the new account number should be _____
What is 515
200
A journal entry made to correct an error in a previous journal entry is ______
What is a correcting entry
200
Account numbers many be assigned by ____ so that new accounts can be added easily.
What is 10s
200
Determining that the amount of cash agrees with the accounting records is
What is proving cash
200
What are the steps for posting?
What is write the date, journal page number, amount, balance, & Post. Ref. in journal
200
In the chart of accounts, the expenses are listed in what order?
What is alphebetical
300
When accounts are arranged in a general ledger, account numbers are assigned, and the chart of accounts is kept up to date, the accounting personnel are doing _________
What is file maintenance
300
The first step in the posting procedure is writing the
What is date
300
In the chart of accounts the assets are listed in order of __________
What is liquidity
300
If a business has only two asset accounts, Cash & Supplies, the two accounts are numbered ______ and _____
What is 110 & 120
300
When is a posting considered to be complete?
What is when the account number from the general ledger is posted in the Post. Ref. column of the GENERAL JOURNAL.
400
If the previous account balance and the current entry posted to an account are both debits, the new account balance is a ________
What is debit
400
What are the steps for opening an account?
What is writing the account title and the account number
400
When all posting is completed, the journal's ________ column is completely filled.
What is Post. Ref.
400
What is the first asset account and what is it numbered?
What is Cash & 110
400
If posting is interrupted, the accounting personnel know to resume posting on the line with a blank _______________
What is Post. Ref. column in the journal
500
Transferring information from a journal entry to a ledger account is refered to as
What is posting
500
When the previous balance of an account is zero and a credit amount is posted to the account, the new balance is a
What is credit
500
A group of accounts is called a ____________
What is ledger
500
What is the last step in the posting procedure?
What is when the account number is placed in the Post. Ref. column of the journal
500
Writing an account title and number on the heading of an account is refered to as