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After pinpointing the accounts included, the next action is usually to journalize the transaction in a journal reserve. This guide is also known as the guide of unique entry since this is the 1st document where transactions are entered.Pinpointing and solving difficulties early while in the accounting cycle brings about bigger efficiency. It is cru
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Posting to the GL: The journal entries are then posted to the final ledger where by a summary of all transactions to individual accounts is often found.They assess your money construction and produce operations that facilitate sustainable progress. Basically, they work as financial guide and treasurer.This branch of accounting is generally known as