Journal.., Accounting Basics

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i want to clear concepts of journal

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Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.

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A user buys a new transponder for $20. What debit and credit entries would need to be made?

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Q. What are Bad debts? Bad debts -- amounts owed to a company which aren't going to be paid. An accountreceivable becomes a bad debt when it's recognized that it won't be paid.

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