A _____ shows in one place all the changes in a single account. Ledger.
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Transcript of A _____ shows in one place all the changes in a single account. Ledger.
![Page 1: A _____ shows in one place all the changes in a single account. Ledger.](https://reader036.fdocuments.net/reader036/viewer/2022062712/56649ca55503460f949661fa/html5/thumbnails/1.jpg)
A _____ shows in one place all the changes in a single account.
Ledger
![Page 2: A _____ shows in one place all the changes in a single account. Ledger.](https://reader036.fdocuments.net/reader036/viewer/2022062712/56649ca55503460f949661fa/html5/thumbnails/2.jpg)
Account numbers may be assigned by 10s so that ____ accounts can be added easily.
New
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The procedure of arranging accounts in a general ledger, assigning
account numbers, and keeping records current in accounting personnel are doing ______
maintenance.
File
![Page 4: A _____ shows in one place all the changes in a single account. Ledger.](https://reader036.fdocuments.net/reader036/viewer/2022062712/56649ca55503460f949661fa/html5/thumbnails/4.jpg)
If a business has only two asset accounts, Cash and Supplies, the two accounts
are numbered ____ and ____.
110 and 120
![Page 5: A _____ shows in one place all the changes in a single account. Ledger.](https://reader036.fdocuments.net/reader036/viewer/2022062712/56649ca55503460f949661fa/html5/thumbnails/5.jpg)
A group of accounts is called a _________.
Ledger
![Page 6: A _____ shows in one place all the changes in a single account. Ledger.](https://reader036.fdocuments.net/reader036/viewer/2022062712/56649ca55503460f949661fa/html5/thumbnails/6.jpg)
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
![Page 7: A _____ shows in one place all the changes in a single account. Ledger.](https://reader036.fdocuments.net/reader036/viewer/2022062712/56649ca55503460f949661fa/html5/thumbnails/7.jpg)
The account number is placed in the post reference column of an account as the last step in the
________ process.
Posting
![Page 8: A _____ shows in one place all the changes in a single account. Ledger.](https://reader036.fdocuments.net/reader036/viewer/2022062712/56649ca55503460f949661fa/html5/thumbnails/8.jpg)
If the previous account balance and the current entry posted to an account are both debits, the new
account balance is a _____.
Debit
![Page 9: A _____ shows in one place all the changes in a single account. Ledger.](https://reader036.fdocuments.net/reader036/viewer/2022062712/56649ca55503460f949661fa/html5/thumbnails/9.jpg)
The cash account is the first asset account and is numbered ________.
110
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When adding a new expense account between accounts
numbered 510 and 520, the new account is assigned the account
number _____.
515
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The two steps for opening an account are writing the account title and the ______ ______.
Account Number
![Page 12: A _____ shows in one place all the changes in a single account. Ledger.](https://reader036.fdocuments.net/reader036/viewer/2022062712/56649ca55503460f949661fa/html5/thumbnails/12.jpg)
The posting should always be recorded in the _____ before
recording in the general journal’s post ref. column.
Ledger
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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
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Steps for posting are:
1. Date
2. Journal Page Number
3. Amount
4. Balance
5. Post Ref. Number
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When all posting is completed, the journal’s ____ ____
column is completely filled.
Post Ref.
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The first digit in the account number 120 means that the account is in the ______.
Asset division of the general ledger
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The procedure for transferring information from a journal entry to
a ledger account is _____.
Posting
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The first step in the posting procedure is writing the _____.
Date in the ledger
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The last step in the posting procedure is writing the _____.
Account number in the General Journal
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An account number in the journal’s Post Ref. column shows
The account to which an amount is posted.
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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.
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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
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Determining that the amount of cash agrees with the accounting
records is ______ _____.
Proving Cash