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What is the effect of the introduction of individual personal accounts on the general ledger of a business?

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What is the effect of the introduction of individual personal accounts on the general ledger of a business?

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The introduction of individual personal accounts typically has no direct impact on the general ledger of a business Personal accounts are separate fin…View the full answer


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Related Book For  answer-question
Fundamental Accounting

Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

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Question Details
Chapter # 12- CREDIT TRANSACTIONS
Section: Questions
Problem: 8
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Question Posted: August 30, 2023 03:45:27
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