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Posting
Accounting cycle
Accounting Vocab
100
Transfer9ing information froma journal entry to a ledger account.
What is Posting
100
A lists of accountd used by a business
What is chart of accounts
100
Planning, Recording, Analyzing, and Interpreting financial information.
What is Accounting
200
1. seperate amounts in a journal's general amount columns are posted individually to the account written in the Account Title Account column. 2. Seperate amounts in a journal's special amount columns are not posted individually. Instead, the special amoumt column totals are posted ti the account named in the heading of the special amount column.
What are the two rules for posting amounts from a journal
200
A business activity that changes the assets, liabilities,or Owner's Equity
What is a transaction
200
Organized summaries of a business's financial activities.
What is Accounting Records
300
where you write the journal page number in.
What is post ref. column
300
A form for recording transactions in chronological order
What is Journal
300
A financial statement that reports assets liabilities, and OE on a specific date.
What is Balance Sheet
400
Where you write the credit amount in.
What is credit amount column
400
A columnar accounting form used to summarize to prepare financial statements.
What is work sheet
400
The side that is increased
What is Normal Balance
500
Where you write the account balance.
What is Balance Credit column
500
Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period.
What is adjustments
500
A form on which a brief message is written describing a transaction.
What is memorandum