The first step in the recording process is to enter the transaction information in a journal.
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Q11: An account can have debit entries and
Q12: The double entry system of accounting ensures
Q13: The normal balance for the cash account
Q14: Transactions are entered in the trial balance
Q15: The normal balance of a revenue account
Q17: The normal balance in an asset account
Q18: An asset is increased by a debit.
Q19: Each time a transaction is recorded; one
Q20: Source documents can provide evidence that a
Q21: If a journal entry is posted twice,
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