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Posting Journal Entries to General Ledger Accounts

Posting Journal Entries to General Ledger Accounts. Chapter 7. Post Reference Column. Balance Ledger Form. Four-Column Account. Opening a Four-Column Account. 2. 1. 4. 3. 5. Details of the Ledger.

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Posting Journal Entries to General Ledger Accounts

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  1. Posting Journal Entries to General Ledger Accounts Chapter 7

  2. Post Reference Column

  3. Balance Ledger Form Four-Column Account

  4. Opening aFour-Column Account

  5. 2 1 4 3 5 Details of the Ledger

  6. Ledger—a group of accounts—book or file that contains the pages or cards for the accounts of the business • Ledger Account Form—Accounting stationery used to record financial information about specific accounts • Posting—Transferring the information in a journal to an account • Proving the Ledger—adding all debits balances and credits balances to see if they equal • Trial Balance—Proof of equality of total debits and total credits Posting Terminology

  7. Correcting entry—a journal entry to make when an error is discovered after posting • Slide—when one moves over one place such as 90 for 900 • Transposition error—reversing two numbers Error Terminology

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