Question

20 transactions of accounts journal ledger subsidiary books trial balance final accounts​

Answer 1

Answer:

Accounts, Journals, Ledgers, and Trial Balance

A business may engage in thousands of transactions during a year. Can you imagine preparing a transaction analysis, like we did in the previous unit, for all of those transactions? It would take a lot of time and the spreadsheet would be large! There has to be a better way to classify and summarize the data in these transactions to create useful information. We will learn the first part of the accounting cycle:

Answer 2

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