General journal entries

General journal entries - ledger control account and the...

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General journal entries.  The general journal is used for adjusting entries, closing entries, correcting  entries, and all transactions that do not belong in one of the special journals. If a general journal  entry involves an account in a subsidiary ledger, the transaction must be posted to both the general 
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Unformatted text preview: ledger control account and the subsidiary ledger account. Both account numbers are placed in the general journal's reference column to indicate that the entry has been posted correctly....
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