Perspective of your current employer

Reference no: EM133573220

Question: In the reading this week, you learned that business transactions are first recorded in the general journal and then posted to the general ledger account, which allows management to always have a running balance for each account. Address each of the following questions from the perspective of your current employer, previous employer, or a company where you hope to work in the future.

What are some advantages of accurate record-keeping for your specific company?
Would you be concerned if an account had an abnormal balance? How might you investigate it?

Reference no: EM133573220

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