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Principles & Practice of Accounting

Ch 2 · Journal, Ledger and Trial Balance

5 concept points · 2 formulas · 4 exam-critical points.

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Concept
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Chart Summary
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Formula Sheet
Important Points

🗺️ Chart summary

Transaction
     |
     v
   Journal (entry + narration)
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     v
   Ledger (T-accounts, balanced)
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     v
   Trial Balance (Dr = Cr ?)

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