This document discusses preparing a chart of accounts, including the relationship between T accounts and account forms, assigning account numbers, and opening new accounts in the general ledger. Key steps in opening a new account are writing the account title and assigning an account number. Important terms reviewed are ledger, general ledger, account number, file maintenance, and opening an account.

1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-1LESSON 4-1
Preparing a
Chart of Accounts

2. 2
LESSON 4-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
RELATIONSHIP OF A T ACCOUNTRELATIONSHIP OF A T ACCOUNT
TO AN ACCOUNT FORMTO AN ACCOUNT FORM page 91
Balance columns

3. 3
LESSON 4-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
CHART OF ACCOUNTSCHART OF ACCOUNTS page 92

4. 4
LESSON 4-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
ACCOUNT NUMBERSACCOUNT NUMBERS page 92

5. 5
LESSON 4-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
1. Write the account title.
2. Write the account number.
OPENING AN ACCOUNTOPENING AN ACCOUNT
IN A GENERAL LEDGERIN A GENERAL LEDGER page 94
11 22

6. 6
LESSON 4-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
 ledger
 general ledger
 account number
 file maintenance
 opening an account
page 95

7. 6
LESSON 4-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
 ledger
 general ledger
 account number
 file maintenance
 opening an account
page 95