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The Recording Process Occurs


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The Recording Process Occurs. A journal entry is the recording of a business transaction in the journal. It discusses the recording process, including what accounts are, how debits and credits work, the basic steps of journalizing, posting to ledgers, and preparing a trial balance.

PPT CH2 The Recording Process PowerPoint Presentation, free
PPT CH2 The Recording Process PowerPoint Presentation, free from www.slideserve.com

A journal entry is the recording of a business transaction in the journal. The document outlines the recording process in accounting, emphasizing the use of accounts, debits, and credits to accurately manage business transactions and maintain equilibrium in the accounting equation. The recording process of accounting takes care of steps 2 and 3 of the accounting cycle which are journalizing and posting.

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PPT CH2 The Recording Process PowerPoint Presentation, free

It discusses the recording process, including what accounts are, how debits and credits work, the basic steps of journalizing, posting to ledgers, and preparing a trial balance. A journal entry shows all the effects of a business transaction as. The steps in the recording process occur repeatedly.in chapter 1,we illustrated the first step, the analysis of transactions, and will give further. What are the steps in the recording process?

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