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Why is a memorandum used as the source document

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Reference no: EM131537179

Question: 1. What journal is used to record transactions that cannot be recorded in special journals?

2. Why is a memorandum used as the source document when supplies are bought on account?

3. Why are two account titles written for the credit amount when supplies are bought on account?

4. When is the equality of debits and credits proved for a general journal?

Reference no: EM131537179

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