Transactions are entered in the ledger accounts and then transferred to journals.
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Q5: The recording process becomes more efficient and
Q6: When the volume of transactions is large
Q7: The double-entry system of accounting refers to
Q8: The normal balance of all accounts is
Q9: Transactions are entered in the ledger first
Q11: A debit to an account indicates an
Q12: Revenues are a subdivision of owner's capital.
Q13: A credit balance in a liability account
Q14: All business transactions must be entered first
Q15: Debit and credit can be interpreted to
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