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Answer True or False 1. The initial step in the recording process is posting 2. A companys chart of accounts will reflect the nature of
Answer True or False
1. The initial step in the recording process is posting
2. A companys chart of accounts will reflect the nature of its business
3. When making a general journal entry there can only be one debit and one credit
4. The ledgers are an example of an accounting book of original entry
5. A source document is a record used to accumulate amounts for each individual asset, liability, revenue, expense and component of stockholders equity .
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