FINANCIAL ACCT-CONNECT
FINANCIAL ACCT-CONNECT
8th Edition
ISBN: 9781266627903
Author: Wild
Publisher: INTER MCG
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Chapter 2, Problem 20E
Summary Introduction

Concept Introduction:

A transaction is recorded using a journal entry format. A journal entry records at least two accounts. At least one account is debited and at least one account is credited. The sum of credit and debit side of a journal should always be the same.

To Prepare:

Rectifying entry and effects.

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