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Recording Transactions

Recording transaction is a basic accounting process, with a few steps involved. The first step is to determine the transaction and which accounts it will affect. The second step is recording in the particular accounts. Consideration must be taken when numbers are inputted into the debit and credit sections. Then, finally, the transaction is recorded in a document called a journal. A journal is the first place that a transaction is written in accounting records.

 Following are the chapters under Recording Transactions:

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