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A Bookkeeping Student Has Come to You for Tutoring on the Recording

Question 181

Essay

A bookkeeping student has come to you for tutoring on the recording process. She is confused about the relationship between the chart of accounts and the ledger. Explain the purpose of the chart of accounts and the general ledger. In your explanation indicate the relationship between these two items as well.

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The chart of accounts lists all of the a...

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