T accounts, Accounting Basics

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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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What is ledger, Ledger = From the Journal entries we will post the trans...

Ledger = From the Journal entries we will post the transactions in a book known as Ledger. Ledger is a book which contains the summarized and classified form of permanent record

On july 1, On July 1, 2010, Harris Co. issued 6,000 bonds at $1,000 each. T...

On July 1, 2010, Harris Co. issued 6,000 bonds at $1,000 each. The bonds paid interest semiannually at 5%. The bonds had a term of 20 years. At the time of issuance, the market r

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Start in cell E3. Complete the series of substitution values ranging from 5 to 15 at increments of 1, vertically down column E.

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