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Vocab
The Ledger
Trial balance
Posting
Random
100
Errors that are discovered after posting has taken place
What is a correcting entry
100
The number of colulmns ledger forms are in
What is 4
100
Trial balances include which type(s) of information
What are the list of all accounts and their balances.
100
The very first thing you write down when starting a post
What is the date
100
The Business Name, Trial Balance, and Date of Posting.
What are the three title names of a Trial balance sheet
200
An accountant meant to write $27, but instead wrote $72. What is the name of her mistake?
What is Transpositon Error
200
The minimum number of postings requiered to the ledger accounts at every journal entry
What is two
200
Trial Balances can be prepared on what type(s) of stationary
What are accounting stationary, plain paper, typed, and/or prepared on the computer.
200
The notation of data that was posted from general journal page 3
What is the notation "G3"
300
Adding the debit balances and credits and comparing them to see if they are equal to each other.
What is Proving the ledger.
300
The easiest direction to write in a post for the general ledger.
What is from left to right
300
The next step after adding total debits and total credits and comparing them
What is a work sheet
300
To show the changes that take place in the business accounts as a result of finacial transactions
What is the Purpose of posting
300
When the phrase "Correcting Entry" is written in the explanation column of the ledger account
What is Correcting Entry
400
These are periodic reports prepared by a business to tast the equality of total debits and total credits in the ledger.
What is trial balance
400
Opening an account in the ledger involves writing these on the account form
What are the Account Title and the account number
400
These can be located easily when the debit and credits do not match up
What are errors
400
these accounts have a line through their normal side
What are accounts with zero balances
400
Where accounts are kept
What is the general ledger
500
What would writing a $190 as $19 or $1,900 be called
What is a slide
500
In preperation of the trial balance all accounts are listed on one of these
What is the chart of accounts
500
Posting summarizes the effects on all business transactions on which expense accounts
What are utilities expense and slaraies expense
500
the accounting stationary used to record finacial info about specific accounts
What is ledger account form