Glencoe Accounting

Chapter 7: Posting Journal Entries to General Ledger Accounts

Working in the Real World

Setting up the chart of accounts, the basis for the general ledger, is an important task. The system should reflect a proper numbering scheme and order of accounts. For tips on setting up a chart of accounts, review the information found at NetMBA (www.netmba.com/accounting/fin/accounts/chart).