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. Date

2. Journal Page Number

3. Amount

4. Balance

5. 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