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Similarly, all sales transactions are grouped together in the sales revenue account.
Posting is no more than sorting all journal entry amounts by account and copying those
amounts to the appropriate account. No analysis is needed; all the necessary analysis is performed
when the transaction is first recorded in the journal.
All accounts are maintained in an accounting record called the "general ledger." A ledger
is a "book of accounts." Exhibit 6 shows how the three cash transactions in the general journal
would be posted to the cash account in the general ledger, with arrows depicting the posting
procedures...
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Common topics in this essay:
- Journal Entry of a Subordinate Group
- journal entries of "for the sake of elena"
- Determining Account Balances
- Enders game journal entries
- Lord of the Flies- Piggy's 3 Journal Entries
- Bubonic Plague Journal Entries
- Journal Entry Of A Subordinate Group Member
- Journal Entry Of A Subordinate Group Member
- Journal Entry of a Subordinate Group Member
- Journal Entry of a subordinate group member
- Journal Entry of a Subordinate Group Member
- Journal Entry of a Subordinate Group Member
- Journal Entry Of A Subordinate Group Member
- Journal Entry Of A Subordinate Group Member
- Journal entry of a subordinate group member
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