A _____ shows in one place all
the changes in a single account.
Ledger
Account numbers may be
assigned by 10s so that ____
accounts can be added easily.
New
The procedure of arranging accounts
in a general ledger, assigning
account numbers, and keeping
records current in accounting
personnel are doing ______
maintenance.
File
If a business has only two
asset accounts, Cash and
Supplies, the two accounts
are numbered ____ and ____.
110 and 120
A group of accounts is called a
_________.
Ledger
An _____ _____ is written in the
post reference column of the
General Journal of a transaction
to show that posting of the entry is
completed.
Account Number
The account number is placed in
the post reference column of an
account as the last step in the
________ process.
Posting
If the previous account balance
and the current entry posted to an
account are both debits, the new
account balance is a _____.
Debit
The cash account is the first
asset account and is
numbered ________.
110
When adding a new expense
account between accounts
numbered 510 and 520, the new
account is assigned the account
number _____.
515
The two steps for opening an
account are writing the account
title and the ______ ______.
Account Number
The posting should always be
recorded in the _____ before
recording in the general journal’s
post ref. column.
Ledger
The numbers in the Post Ref.
columns of the ledger and journal
serve 3 purposes. They are:
1. An entry in an account can be traced to its
source in the journal
2. An entry in a journal can be traced to where
it was posted
3. If posting is interrupted, you can easily see
which entries still need to be posted
Steps for posting are:
1.
2.
3.
4.
5.
Date
Journal Page Number
Amount
Balance
Post Ref. Number
When all posting is completed,
the journal’s ____ ____
column is completely filled.
Post Ref.
The first digit in the account
number 120 means that the
account is in the ______.
Asset division of the general
ledger
The procedure for transferring
information from a journal entry
to a ledger account is _____.
Posting
The first step in the posting
procedure is writing the _____.
Date in the ledger
The last step in the posting
procedure is writing the _____.
Account number in the General
Journal
An account number in the
journal’s Post Ref. column shows
The account to which an amount
is posted.
If posting is interrupted, how
does the accounting personnel
know where to resume posting
On the line with a blank Post Ref.
Column in the journal.
When the previous balance of an
account is zero and a credit
amount is posted to the account,
the new balance will be a _____.
Credit
Determining that the amount of
cash agrees with the accounting
records is ______ _____.
Proving Cash