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Unformatted text preview: general report which is organized by date. The general journal like entry is simple, but not the most accurate to go by if collecting or sending money. Then the second step is a log report. This report separates all logs which were handle and shows specifically where money is credited and debit. The final step is the last log like step which shows clearer than the first step. The first step will be more general and vague verse the third step showing which type of income or expense the credit or debit amount is. These steps are relevant to the principles of accounting because they show in three different understandable styles how to manage and organize accounts without confusion....
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This note was uploaded on 09/19/2011 for the course XACC 280 XACC 280 taught by Professor Eileendetka during the Spring '10 term at University of Phoenix.
- Spring '10