(a) Should accounting transaction debits and credits be recorded directly in the ledger accounts? (b) What are...

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(a) Should accounting transaction debits and credits be recorded directly in the ledger accounts?
(b) What are the advantages of first recording transactions in the journal and then posting to the ledger?

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Accounting Tools For Business Decision Making

ISBN: 9780470377857

3rd Edition

Authors: Paul D. Kimmel

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Question Posted: Sep 21, 2011 02:05 PM

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(a) Should accounting transaction debits and credits be recorded directly in the ledger accounts? (b) What are...

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a No debits and credits should not be recorded directly in the ledger ...View the full answer

Accounting Tools For Business Decision Making

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