A journal shows a chronological listing of the accounting activities of a business-because business transactions occur in this manner.
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Q49: Double-entry accounting records only those transactions affecting
Q61: All business transactions involve an increase in
Q101: A chart of accounts is organized in
Q106: The trial balance is not a formal
Q107: Debits are always recorded journalized)before credits.
Q108: Liabilities and revenues are decreased by credits.
Q111: Revenues and expenses are specialized owners' equity
Q112: Posting accounting transactions avoids the necessity of
Q113: The dividends account indicates an increase in
Q114: When the trial balance is out of
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