| A | B |
|---|
| General Ledger | The group of accounts used by a business. |
| 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 | Adding all debit balances and all credit balances of ledger accounts and then comparing the two totals to see whether they are equal. |
| Trial Balance | A proof of the equality of total debits and credits. |
| Transposition Error | Occurs when two digits within an amount are accidentally reersed. |
| 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. |
| First Step in Posting | Enter the date of the journal entry into the general ledger. |
| Second Step in Posting | Description left blank unless it is a correcting entry. |
| Third Step in Posting | Enter the journal page number of the transaction in the post reference column. |
| Fourth Step in Posting | Enter the debit amount. |
| Fifth Step in Posting | Compute the new account balance. |
| Sixth Step in Posting | Return to the general journal and record the general ledger account number. |
| Seventh Step in Posting | Repeat the first six steps to record the credit part of the journal entry. |
