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CHAPTER 4 POSTING TO A GENERAL LEDGER. 2 4-2 PREPARING A CHART OF ACCOUNTS A group of accounts is called a ledger. A general ledger - is a ledger that.
Journal is a book of records where daily monetary transactions of a business is posted. Though it brings all the transactions together, it creates confusion.
A _____ shows in one place all the changes in a single account. Ledger.
After studying this chapter, you should be able to: 1 Identify the basic principles of accounting information systems. 2 Explain the major phases in the.
