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The smart Trick of accounting finance That No One is Discussing

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Immediately after identifying the accounts concerned, the subsequent step is usually to journalize the transaction in a very journal guide. This e book is also known as the book of first entry simply because This can be the very first history exactly where transactions are entered. Who (if any individual) https://byd26936.blogoxo.com/34784439/not-known-factual-statements-about-accounting-cycle

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