Accounting events are first records in the general journal in chronological order. Journalizing is the process of recording an entire accounting event in the journal; the outcome in called a journal entry. Accounts being debited are listed first and recorded beginning on the margin. Accounts being credited are listed last and indented 10 signify "right". The amounts are denoted in the left and right "amount" columns denoted dr. (debit) and cr. (credit). Debits must equal credits. Posting is the process of recording the appropriate part of a journal entry to the affected account in the general ledger. A general ledger is a collection of specific asset, liability accounts. Each ledger account keeps track of the changes in that account balance at any point in time. We will use T-accounts to general ledger A trial balance is a listing of all general ledger accounts and balances to that debits equal credits at a given point in time. Accounting events are first records in the general journal in chronological order. Journalizing is the process of recording an entire accounting event in the journal; the outcome in called a journal entry. Accounts being debited are listed first and recorded beginning on the margin. Accounts being credited are listed last and indented 10 signify "right". The amounts are denoted in the left and right "amount" columns denoted dr. (debit) and cr. (credit). Debits must equal credits. Posting is the process of recording the appropriate part of a journal entry to the affected account in the general ledger. A general ledger is a collection of specific asset, liability accounts. Each ledger account keeps track of the changes in that account balance at any point in time. We will use T-accounts to general ledger A trial balance is a listing of all general ledger accounts and balances to that debits equal credits at a given point in time