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Cramlets™ and other presentations by Accounting in category 'transaction'
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as each transaction occurs: 1. Identify the transaction through an original source document (such as an invoice
transaction entry
whether by entering the wrong transaction amount or getting debits and credits mixed up
whether using the wrong transaction amount or forgetting part of a compound journal entry
then you have an error to find somewhere in your transaction posting process (journal to general ledger to trial balance).It's p
and how much 3. Make Journal entries – record the transaction in the journal as both a debit and a credit o journals are kept in
