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General Ledger Jeopardy!!
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400 500 300 1 200 400 500 100 200 300 100 200 300 400 500 400 300 200 100 234
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Recording transactions in a journal
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What is Journalizing?
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A journal amount column headed with an account title
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What is a Special Column?
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DAILY DOUBLE
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A business form used to make a journal entry
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What is a Source Document?
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A source document used for recording a sale on account
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What is a Sales Invoice?
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A group of accounts
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What is a Ledger?
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A ledger that contains all accounts needed to prepare financial statements
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What is a General Ledger?
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The number assigned to an account
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What is an Account Number?
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Arranging accounts in a general ledger, assigning account numbers, and keeping records current
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What is File Maintenance?
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Writing the account title and number on the heading of an account
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What is Opening an Account?
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Transferring information from a journal entry to a ledger account
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What is Posting?
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A journal entry used to correct an incorrect journal entry
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What is a Correcting Entry?
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The first step in posting
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What is Write in the Date?
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The last step in the posting process
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What is Writing the Account Number in the Posting Reference Column?
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The increase side of any account
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What is the Normal Balance Side?
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The increase side of any Expense Account
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What is a Debit?
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The account titles of the special columns in a journal
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What are Sales and Cash?
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DAILY DOUBLE
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An accounting device used to analyze transactions
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What is a T Account?
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Assets = Liabilities + Owner’s Equity
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What is the Accounting Equation?
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Consumed by chubby vampires at a Halloween party
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What is Blood Light?
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A witch’s garage
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What is a Broom Closet?
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