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Assignment Help Accounting Basics

Reference no: EM133973515

Problem

Transactions are recorded in the journal entry first for accuracy and for a timeline of records of all financial activities. Providing a timeline of transactions in the order they occurred helps create a transparent and traceable record of finance activity, making it easier to validate. Entries should include the date, accounts affected and the debit and credit amounts. Get the instant assignment help. Matching debits and credits in the double entry system help to identify errors before they are transferred to the ledger account. How would you give feedback?

Reference no: EM133973515

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