A group A group of of accountaccountss

A ledger A ledger that that contains all contains all accounts accounts needed to needed to prepare prepare financial financial statementsstatements

The The number number assigned assigned to an to an accountaccount

The procedure The procedure for arranging for arranging accounts in a accounts in a general ledger, general ledger, assigning assigning account account numbers, and numbers, and keeping records keeping records currentcurrent

Writing an Writing an account title and account title and number on the number on the heading of an heading of an account account

OPENING AN ACCOUNT IN A GENERAL LEDGER

Lesson 5-1, page 99Lesson 5-1, page 99

1

1. Write the account title.

2. Write the account number.

2

Transferring Transferring information from a information from a journal entry to a journal entry to a ledger accountledger account

Comparing Cash Comparing Cash balance with balance with checkbook balancecheckbook balance

(they should equal!)(Can be done at any time)

Do you know?

• How to Create a Chart of Accounts?• How to Post from the Journal to the

ledger (4 steps)• What a post reference number?• how to add and subtract in a general

ledger?• How to prove cash?