How Journal Entries Are Posted to the General Ledger
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How Journal Entries Are Posted to the General Ledger
Every transaction recorded by a business needs to find its way into the General Ledger. But how does that actually happen? In this video, I walk through a simple example using a fictional gym in Pewter City. You'll see how a business transaction is first recorded as a Journal Entry, how debits and credits affect different accounts, and how ...
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General ledger Accounting Basics
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