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Chapter Five 7 Words.

Published byDorcas Dennis Modified over 8 years ago

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Presentation on theme: "Chapter Five 7 Words."— Presentation transcript:

1 Chapter Five 7 Words

2 Ledger

3 A group of accounts

4 General Ledger

5 A ledger that contains all accounts needed to prepare financial statements

6 Account Number

7 The number assigned to an account

8 File Maintenance

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

10 Opening an Account

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

12 OPENING AN ACCOUNT IN A GENERAL LEDGER
1 2 1. Write the account title. 2. Write the account number. Lesson 5-1, page 99

13 Posting

14 Transferring information from a journal entry to a ledger account

15 Proving Cash

16 Comparing Cash balance with checkbook balance
(they should equal!) (Can be done at any time)

17 Do you know? How to Create a Chart of Accounts?
How to Post from the Journal to the ledger (4 steps) What a post reference number? how to add and subtract in a general ledger? How to prove cash?

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