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Chapter1: Financial Statements And Business Decisions
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Question 19 of 42
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The final step in the recording process is to
transfer journal information to ledger accounts.
enter the transaction in a journal.
prepare a trial balance.
analyze each transaction.
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Question 18 of 42
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The double-entry system requires that each transaction must be recorded
in a journal and in a ledger.
in two sets of books.
first as a revenue and then as an expense.
in at least two different accounts.
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