Principles of Financial Accounting.
Principles of Financial Accounting.
22nd Edition
ISBN: 9780077632892
Author: John J. Wild
Publisher: McGraw Hill
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Chapter 2, Problem 6DQ
To determine

Explain whether a transaction should be recorded first in a journal or the ledger.

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Should a transaction be first recorded in a journal or ledger? Why?
What is the purpose of a bookkeeping system?
Where are transactions initially recorded?

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Principles of Financial Accounting.

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