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Posting
The Accounting Cycle
Accounting Vocabulary
100
in the date column you put the.
What is date?
100
identify the event as a transaction and generate the source document.
What is identifying the transaction.
100
planning, recording, analyzing, and interpreting financial information.
What is accounting?
200
put a number in the post. Ref column.
What is writing the journal page number.
200
there are 8 steps to this process.
What is the accounting cycle?
200
the name given to the account.
What is the account title?
300
put an amount in the debit column.
What is writing the debit amount?
300
transfer the balances of the temporary accounts
What is closing entries
300
a financial statement that reports assets, liabilities, and owner's equity on a specific date.
What is a balance sheet?
400
write an amount in balance debit column.
What is writing a new account balance?
400
post the entries onto a general ledger.
What is posting adjusting and closing entries?
400
the account used to summarize the owner's equity in a business.
What is capital
500
put the items on the worksheet onto a balance sheet and income statement.
What is Preparing financial statements
500
an accounting device used to analyze transactions.
What is a T account?