An all-purpose journal in which all the transactions of a business may be recorded.
What is general ledger.
100
When mistakes are made in accounting, one rule applies: Never erase an error.
What is true
100
write the acount name at the top of the ledger account form.
What is the first step in opening an account with a balance.
100
place a check mark in the ________ _______ column to show the amount entered on this line is not being posted from a journal.
What is posting reference.
200
Occurs when a decimal point is moved by mistake.
What is slide error.
200
To show a zero balance, a line should be drawn across the center of the column where the normal balance would appear.
What is true
200
the fifth step in the accounting cycle.
what is the trial balance.
200
businesses post ____ to keep their accounts up-to-date.
What is daily.
300
when an error in a journal entry is discovered AFTER posting.
What is correcting entry.
300
The general journal is a sort of business diary containing most of the transactions of a business.
What is false.
300
add the debit and credit columns again. You may have added one or both of the columns incorrectly.
What is the first step in finding errors.
300
A trial balance is a list of all the ______ ________ and their _______ ________.
What is account names and current balances.
400
Adding all the debit balances, then adding all the credit balances, and finally comparing the two totals to see whether they are equal.
What is proving the ledger.
400
posting is the process of transferring information from the general journal to individual general ledger accounts, the third step in the accounting cycle.
What is false.
400
-write the account name at the top of the ledger account form.
-Write the account number on the ledger account form.
What is opening an account with a zero balance.
400
If the journal entry is correct but is posted incorrectly to the ledger, you draw a single line through the incorrect item in the ledger and write the correction directly ____.