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11-M.2 MASTERY PROBLEM (Review of Chapters 9, 10, and 11), p.
340
Journalizing and posting transactions

Sagot :

Baraq

Journalizing is the systematic filing of transactions in the right journals. Every incident is documented with double-entry is corresponded in an opposite entry as well.

Journalizing transactions

Once one's firm earns or spends money, post the transaction in at least two different accounts – a debit and a credit account. This is called the double-entry method.

Posting transaction is the transferring of the data one has recorded in journaling to ledger accounts

Therefore, the two concepts are as defined above.

learn more about Journalizing from here: https://brainly.com/question/5439589

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