Accounting1 Chapter 7 (Journal and Ledger Accounts)

The Balance Column Account

Another style of ledger accounts that is more useful and convenient for keeping information about each account balance and changes in it

Opening an Account

Preparing an accounting page and placing it in its proper place in the ledger

Formal Posting

When journal entries are posted to the ledger

Forwarding

The process of continuing an account on the next page by carrying forward the date and balance from the completed page

P.R Column

Post reference column