| A | B |
|---|
| Drawing | Debit this account when owner withdraws cash from business |
| Credit | Revenue is posted to which column of the ledger account |
| update | Purpose of posting is to _____ the ledger accounts |
| Liability | Type of account that has a credit balance in the General Ledger |
| Journal | The letter and page of the _____ is recorded in the posting reference of a ledger account |
| zero | A line or dash in a balance column of a ledger account means there is a ____ balance |
| Correcting | Type of entry used to correct errors discovered after a transaction has been journalized and posted |
| Supplies | Post a debit to ____ when you pay cash for supplies |
| transposition | Error when 2 numbers are accidentally reversed |
| proved | The ledger is ____ after posting is completed by preparing a trial balance |
| Chart | An account is opened at the beginning of a fiscal period for each account on the ____ of accounts |
| posting | Transfer of information from a journal to a ledger account |
| double | Type of rule that shows the columns are in balance |
| Equal | Total debits and total credits should be ___ when proving the accuracy of a journal. |
| Ledger | Consists of a group of accounts |
| Date | First step in posting is to write the _____ |
| Last | Recording an account number in the journal is the ___ step in posting |
| expense | Post a debit to this type of account when you pay rent |
| two | For every journal entry, you will post to at least ___ ledger accounts. |
