Question: The following discussion took place between Faye Lucas the office

The following discussion took place between Faye Lucas, the office manager of Blizzard Data Company, and a new accountant, Steve Haack.
Steve: I’ve been thinking about our method of recording entries. It seems that it’s inefficient.
Faye: In what way?
Steve: Well—correct me if I’m wrong—it seems like we have unnecessary steps in the process. We could easily develop a trial balance by posting our transactions directly into the ledger and bypassing the journal altogether. In this way, we could combine the recording and posting process into one step and save ourselves a lot of time. What do you think?
Faye: We need to have a talk.
What should Faye say to Steve?

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  • CreatedSeptember 15, 2015
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