(a) Should business transaction debits and credits be recorded directly in the ledger accounts? (b) What are...

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(a) Should business transaction debits and credits be recorded directly in the ledger accounts?
(b) What are the advantages of first recording transactions in the journal and then posting to the ledger?

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Sep 20, 2011 08:03 AM

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(a) Should business transaction debits and credits be recorded directly in the ledger accounts? (b) What are...

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a No debits and credits should not be recorded directly in the ledger ...View the full answer

Accounting Principles

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