Ch. 4 Accounting

Totals have been posted individually

A check mark in parentheses below a General Debit column total indicates

amounts on that line are not posted individually.

A check mark in the Post. Ref. column of the journal indicates that the

ledger

A group of accounts is called a _________.

correct amount

All corrections for posting errors should be made in a way that leaves no question as to the?

the account to which an amount is posted.

An account number in the journal's Post. Ref. column shows

File Maintenance

Arranging accts in a general ledger, assigning acct numbers, and keeping records current is

making the correction to accounts

Errors discovered after an entry is posted may be corrected by through the item ruling

Memorandum

If an error requires a correcting entry, source document describing the correction to be made

neither amount is posted individually

If both amounts on a journal line are recorded in special amount columns

on the line with a blank Post. Ref. column in the journal.

If posting is interrupted, the accounting personnel posting know to resume

special

Only the column totals for ________amount columns in a journal are posted.

Last item posted

Posting references in a journal are

is a debit

Previous acct. balance and the current entry posted to an account are both debits, the balance

end of the month (the totals)

Separate amounts in a journal's special amount columns are posted _________.

Individually

Separate amounts in general amount columns are posted _________.

Post Reference

Steps for posting are to write the date, journal page number, amount, the balance, and ______.

Check mark

The Post. Ref. column of the journal is completely filled in with either an account number or .

Cash

The _______ account is the first asset account and is numbered 110.

last step

The account number is placed in the Post. Ref. column of the journal as the _________.

revenue division of the general ledger.

The first digit in the account number 410 means that the account is in the

number is put into the Post. Ref.

The last step in the posting procedure is to write the

after all amounts are recorded in the ledger

The posting reference should always be recorded in the journal's Post. Ref. column

Posting

The procedure for transferring information from a journal entry to a ledger account is

journal page number in the Post. Ref. column of the account.

The second step in the posting procedure is to write the

Writing the account title and account number

The two steps for opening an account are writing are?

Reasons for the Post Reference

To see what account is posted, tells where you left off, and what entries need to be posted

Sales and Cash

What column totals are posted.

File Maintenance

When accts are arranged in a GL account #'s are assigned, chart of accts is kept up to date,

asset

When adding a new _____ acct between acct. numbered 120 and 130, new account acct number 115.