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2. It is permissible to enter information about a transaction in the ledger accounts first, before entering the information in the journal. True false
This statement, It is permissible to enter information about a transaction in the ledger accounts first, before entering the information in the journal, is False. ]
nexie10|Points 307|
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Asked 8/17/2013 10:14:01 PM
Updated 2/22/2015 10:22:33 AM
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This answer has been confirmed as correct and helpful.
Edited by debnjerry [2/22/2015 10:22:31 AM], Confirmed by debnjerry [2/22/2015 10:22:33 AM]
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The steps involved in handling all of the transactions and events completed during an accounting period, beginning with placing data in a book of original entry and ending with a post-closing trial balance, are referred to collectively as the accounting cycle. True false
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