books of original entry, Accounting Basics

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how is withdrawaL OF goods by owner for personal use treated in the books

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Steps in recording business transactions Look at Exhibit 5 to observe the steps in recording and posting the effects of a business transaction. Note that a source document offe

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Carrying amounts of merchandise materials as well as supplies inventories are generally determined on a moving average cost basis and are stated at the lower of cost or market.

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