1. LESSON 4-1 Preparing a Chart of Accounts

2. 4-12 A group of accounts Ledger

3. 4-13 A ledger that contains all accounts needed to prepare financial statements General Ledger

4. 4-14 RELATIONSHIP OF THE “T” ACCOUNT TO A LEDGER page 91 Balance columns

5. 4-15 General Ledger vs General Journal

6. 4-16 Name given to an individual account Account Title

7. 4-17 Number assigned to track an individual account Account Number

8. 4-18 A list of account titles and numbers showing the location of each account in a ledger Chart of Accounts

9. 4-19 CHART OF ACCOUNTS page 92

10. 4-110 ACCOUNT NUMBERS page 92

11. 4-111 List the 5 general ledger divisions Assets Liabilities Owner’s Equity Revenue Expenses

12. 4-112 Procedure for arranging accounts in the general ledger, assigning account numbers, and keeping records current File Maintenance

13. 4-113 Assigning Account Number Originally by 10;s Always insert new numbers half way in between two existing numbers If number is added to end of list use increments of 10 When an account is no longer needed it is removed from the ledger and the number can be reassigned Expenses – alphabetical order

14. 4-114 1.Write the account title after the word Account in the heading. 2.Write the account number after the words Account No. in the heading. OPENING AN ACCOUNT IN A GENERAL LEDGER page 94 12

15. 4-115 TERMS REVIEW ledger general ledger account number file maintenance opening an account page 95