| A | B |
|---|
| General Ledger | “Where the accounts used by a business are kept.” |
| Ledger Account Form | “The accounting stationery used to record financial information about specific accounts.” |
| Posting | ‘The process of transferring information from the general journal to individual general ledger accounts.’ |
| Proving The Ledger | “Comparing the DR and CR balances of all of the accounts in the General Ledger to see whether they are equal.” |
| Trial Balance | “A formal way to prove DRs = CRs in the General Ledger.” |
| Transposition Error | “Occurs when two digits within an amount are accidentally reversed.” |
| Slide Error | “Occurs when a decimal point is moved by mistake.” |
| Correcting Entry | “When an error in a journal entry is discovered after posting |
