Please answer in your own words. 1) List the basic steps in the recording process 2) Whats
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Question:
Please answer in your own words.
1) List the basic steps in the recording process
2) What’s a journal and how does it contribute in the recording process
3) What’s a ledger and how does it help in the recording process
4) What’s a simple entry?
5) What’s a compound entry?
6) What is the normal balance for the assets, owner’s drawings and expenses accounts
7) What is the normal balance for the liabilities, owner’s capital and revenues accounts
Related Book For
Financial Accounting
ISBN: 978-0133472264
5th Canadian edition
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
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