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3.1: Introduction- The Accounting Cycle

Last updated

Oct 3, 2022
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- 3: The Accounting Cycle
- 3.2: The Accounting Cycle

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LEARNING OBJECTIVES

By the end of this lesson, you will be able to:

Define an account
Define a journal
Define a ledger
Distinguish between a ledger and a journal
Explain how business transactions are recorded using the double-entry accounting method
List the general rules for debits and credits
Journalize in general journal form and post transactions to a general ledger
Prepare a trial balance

LEARNING OBJECTIVES

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