1.
Introduction:
To record: The opening balance in T-accounts.
2.
Introduction: Journal entry is the first step of accounting to record day-to-day transactions that a business performs. It helps in further preparing financial statements at the end of the period to assess the financial position of the business.
To record: The journal entries and prepare T-accounts.
3.
Introduction: Journal entry is the first step of accounting to record day-to-day transactions that a business performs. It helps in further preparing financial statements at the end of the period to assess the financial position of the business.
To record: The journal entries and prepare T-accounts.
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