“The process of accounting begins where the process of book-keeping ends” – explain in your own words?
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The process of bookkeeping involves four basic steps: 1) analyzing financial transactions and assigning them to specific accounts; 2) writing original journal entries that credit and debit the appropriate accounts; 3) posting entries to ledger accounts; and 4) adjusting entries at the end of each accounting period.
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Find the next number in the sequence
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