Transactions are entered in the general ledger and then transferred to the general journal.
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Q21: The chart of accounts is the framework
Q27: The chart of accounts is a special
Q28: A compound journal entry affects more than
Q33: The retained earnings on the trial balance
Q38: The account to be credited is entered
Q40: Posting is the process of proving the
Q44: If total liabilities increased by $15,000, then
A)assets
Q46: Shareholders' equity is increased by
A)dividends.
B)revenues.
C)expenses
D)liabilities.
Q48: Collection of a $1,500 accounts receivable
A)increases an
Q58: If an individual asset is increased, then
A)there
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