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What are the steps in recording business transactions

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Reference no: EM132478182

Questions -

a) What is the relationship between the General Journal and the General Ledger? Define both and explain how they are used.

b) What are the steps in processing and recording business transactions?

c) How should a proper journal entry should be written?

d) What is the purpose of posting? How is it used?

Reference no: EM132478182

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