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What are the advantages of first recording transactions

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Reference no: EM131138022

(a) Should business transaction debits and credits be recorded directly in the ledger accounts?

(b) What are the advantages of first recording transactions in the journal and then posting to the ledger? 

Reference no: EM131138022

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What are the advantages of first recording transactions : (a) Should business transaction debits and credits be recorded directly in the ledger accounts?(b) What are the advantages of first recording transactions in the journal and then posting to the ledger?
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