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Business transactions credits-debits be recorded directly

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Reference no: EM133153472

We will focus on understanding the accounting/recording process. In our discussion you must first identify and discuss the steps in the recording process. Be sure to discuss what each step does and how it relates to the steps before and after it. Then, answer the following questions:

Should business transactions credits and debits be recorded directly into the ledger accounts?

What are the advantages of recording in the journal before posting transactions into the ledger?

Reference no: EM133153472

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