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    Accounting: General jounal vs General Ledger

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    A journal is used to chronologically record all transactions of a business. These transactions are then posted to the ledger. Consider the steps involved in recording transactions in the books of account and respond to the following:

    - Discuss whether entering a transaction in a journal and posting it again in the ledger involves unnecessary duplication of work. Include any and all references.

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    https://brainmass.com/business/financial-accounting-bookkeeping/accounting-general-jounal-vs-general-ledger-581734

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    QUESTION

    A journal is used to chronologically record all transactions of a business. These transactions are then posted to the ledger. Consider the steps involved in recording transactions in the books of account and respond to the following:
    •Discuss whether entering a transaction in a journal and posting it again in the ledger involves unnecessary duplication of work.

    TUTORIAL

    A journal, in Financial Accounting, is a financial document where each transaction is initially entered and ...

    Solution Summary

    The problem deals with discussing the differences between the general ledger and general journal under accounting.

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