The following discussion took place between Faye Lucas, the office manager of Blizzard Data Company, and a
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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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Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
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