| A | B |
|---|
| General Ledger | The gorup of accounts used by a business |
| Ledger Account Form | The accounting stationery used to record financial information about specific accounts |
| Posting | The process of transfering information from the general journal to individual general ledger accounts, the fourth step in the accounting cycle |
| Proving the Ledger | Adding all debit balances and all credit balances of ledger accounts and them comparing the two totals to see whether they are equal |
| Trial Balance | A proof of the equality of total debits and credits, the fifth step in the accounting cycle |
| Transposition Error | Occurs when two digits within an amount are accidentally reversed, or transposed |
| Slide Error | Accidental misplacement of a decimal point in an amount |
| Correcting Entry | An entry made to correct an error in a journal entry discovered after posting |
