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Principles of Accouting_Unit2_DB

Principles of Accouting_Unit2_DB - adjusting entries Record...

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Business Transactions Financial transaction? NO YES Create journal entries Source Document s Record journal entries in JOURNAL S JOURNAL S Post to ledger LEDGERS Prepare trial balance Trial balance A
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A Prepare
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Unformatted text preview: adjusting entries Record adjusting journal entries JOURNAL S Prepare financia l stateme nts Financial statements 1 Prepare closing entries Record closing entries JOURNAL S...
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