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Analysing and Recording Process
Question
A friend knows that you are studying the Business Accounting 1 course, so he approaches you and enquires about the steps of the analysing and recording process of transactions.
Required: Summarise and explain with examples the steps of the analysing and recording process to your friend.
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when youre using accounting software why would you use hot keys and shortcuts a.to quickly access commands b.to input data for you c.to start the program d.to write checks
example of increase asset, decrease owner equity
Prepare the Journal Entries Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the tr
How to do a trial Balance Particulars Amount Dr. Amount Cr. In
Maryanne was looking to purchase a local business that sold coal jewelry to tourists along the interstate. The present business owner instructed his accountant, Jane Sane, CPA, to
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Q. What do you mean by Contingent liabilities? Contingent liabilities -- liabilities which are not recorded on a company's financial reports though whichmight become due. If a
a decrease in owner''s equity may result from a(n) a. purchase of office supplies for cash b. withdrawal of cash from the business by owner c. revenue that is derived from sales of
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