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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
🗺️
Chart Summary
🧮
Formula Sheet
Important Points

🧮 Formula sheet

  1. 1.Closing Balance = Opening Balance + Increases − Decreases
  2. 2.Trial Balance: Total Debits = Total Credits

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