Unit 4 vocab

Question 1

A group of accounts

Answer 1

Ledger

Question 2

A ledger that contains all accounts needed to prepare financial statements

Answer 2

General ledger

Question 3

The number assigned to an account

Answer 3

account number

Question 4

the procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current

Answer 4

File maintenance

Question 5

Writing an account title and number on the heading of an account

Answer 5

opening an account

Question 6

An additional journal entry made to correct an incorrect journal entry

Answer 6

Correcting entry