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1) What is the principle of double entry accounting? Provide an example that would illustrate this principle. (100120 words) 2) Explain what a general journal

1) What is the principle of double entry accounting? Provide an example that would illustrate this principle. (100120 words)

2) Explain what a general journal is; describe the process of entering a correcting entry then explain the general principles for reconciling balances outstanding and how would you enter something from the statement that decreases the bank balance. (100160 words)

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