ocomplete listing of the titles and numbers of all the accounts in the ledger ocompared to a table of contents. oThe groups of accounts usually appear in this order: assets, liabilities, stockholders' equity, dividends, revenues, and expenses. oIndividual accounts are in sequence in the ledger. oEach account typically has an identification number and a title to help locate accounts when recording data. oThe important idea is that companies use some numbering system. ** See Word Document: Chart of AccountsAccounting CycleoSeries of steps performed during the accounting period (some throughout and some at end) that analyzes, records, classifies, summarizes, and reports useful financial information that is used to prepare financial statementsoTransaction must be JournalizedJournalizing is the process of entering the effects of a transaction in a journal. oThen information is transferred (posted) to proper accounts in ledgerPosting is the process of recording in the ledger accounts the information contained in the journal oEach business transaction affects two or more accounts in the ledger. oAlso note that the transaction date in both the general journal and the general ledger accounts is the same. oIn the ledger accounts, the date used is the date that the transaction was recorded in the general journal, even if the entry is not posted until several days later.