Slide 1Accounting Chapter 11 – Test Review Slide 2 TRUE or FALSE? A general ledger sorts and summarizes all information affecting income statement and balance sheet accounts…

1.Week 102. You can have separate accounts receivable accounts with only a handful of customers but what if the business had 500 credit customers?  You can have separate…

Slide 1Week 10 Slide 2  You can have separate accounts receivable accounts with only a handful of customers but what if the business had 500 credit customers?  You…

Slide 1 I will be responsible for knowing and understanding the following concepts:  Define Accounting Terms: Related to posting to ledgers  Identify Accounting…

Slide 1 Chapter 11 Slide 2 Section 11-1 Slide 3  Subsidiary Ledgers:  A ledger that is summarized in a single general ledger account  Accounts Payable Ledger: …

LESSON 11-1 Posting to an Accounts Payable Ledger LESSON 11-1 LESSON 11-1 1/29/15 1 LEDGERS AND CONTROLLING ACCOUNTS Subsidiary Ledgers A business needs to know the amount…