Understanding Business
Understanding Business
12th Edition
ISBN: 9781260092332
Author: Nickels
Publisher: McGraw-Hill Education
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Chapter 17.2, Problem 2TP
Summary Introduction

To determine: The purpose of accounting journals and ledgers.

Introduction:

Accounting journals are known as books that record journal entries or transactions in a double entry system.

Ledgers are the books containing account information of each financial account separately.

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