Why is it beneficial for transactions to be entered into a journal rather than being entered directly

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Why is it beneficial for transactions to be entered into a journal rather than being entered directly to a ledger?

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Financial Accounting An Integrated Approach

ISBN: 9780170411028

7th Edition

Authors: Ken Trotman, Elizabeth Carson

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Question Posted: Aug 21, 2023 02:04 AM

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Why is it beneficial for transactions to be entered into a journal rather than being entered directly

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Entering transactions into a journal before posting them to a ledger is an essential step in the accounting process and it offers several benefits The accounting cycle typically involves the following ...View the full answer

Financial Accounting An Integrated Approach

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