Accounting Procedures

Rent expense account

Rent income account

Insurance expense account

Cash account

Accounts receivable subsidiary ledger

Sales journal

Accounts receivable journal

General ledger

Twice a year

Once a year

Frequently during the accounting period

At the end of an accounting period

Analyzing

Preparing financial statements

Recording financial information

Auditing the books of accounts

Asset accounting

Revised chart of accounts

Double-entry bookkeeping

All of the above

One

Two

Three

Infinite

The process of keeping a basic record of business transactions

The process of providing a record of business transactions to management

The process of recording data relating to accounting transactions in the accounting books

A system in which each transaction is entered twice: once on the debit side and once on the credit side

Ledger

T-account

Day book

Cash book

Recording entries in the journal

Recording entries in the ledger account

Recording two aspects of every transaction

Recording every transaction in the books

Bookkeeping and auditing

Bookkeeping only

Bookkeeping and consulting

Bookkeeping, auditing, consulting, and more