Accounting1 Chapter 7 (Journal and Ledger Accounts)

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The Balance Column Account

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5 Terms

1

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

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2

Opening an Account

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

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3

Formal Posting

When journal entries are posted to the ledger

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4

Forwarding

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

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5

P.R Column

Post reference column

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