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Previous account balance - PowerPoint PPT Presentation

Accounting Review

Accounting Review. Chapter 4. The first digit in the account number 120 means that the account is in the. E. None of the above. A. Expense division of the general ledger. C. Liability division of the general ledger. B. Asset division of the general ledger.

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Chapter 4 - The Simple Ledger

Chapter 4 - The Simple Ledger. Introduction. 4.1 - Ledger Accounts 4.2 - Debit and Credit Theory 4.3 - Account Balances 4.4 - Trial Balance. 4.1. Ledger Accounts. Important Definitions. Ledger Accounts: used to maintain an up-to-date financial position

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Previous account balance - PowerPoint PPT Presentation

Accounting Review

Chapter 4 - The Simple Ledger