What is the value of the debit and credit rule in amounting

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Reference no: EM133375090

Question: After carefully.r studying the assigned topics for the week. answer the following questions [with the minimum of 100 words each explanation}:

{'1} What is the value of the debit and credit rule in amounting?

{2} Do we have to record all transactions in accounting?

(3} Identify the relationship of journalizing accounting transactions, posting these transactions to the ledger accounts and preparing a trial balance.

{4} What should you do to ensure that errors are minimized, it not eliminated?

{5} If your trial balance is balanced. is there a possibility that there could still be errors?

Reference no: EM133375090

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