After a business transaction has been analyzed and entered in the book of original entry, the next step in the recording process is to transfer the information to

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Once a transaction has been recorded in the book of original entry, the next step is to transfer the information to ledger accounts. Ledger accounts are a detailed record of each account that summarizes all the transactions that have been recorded for that particular account. From the ledger accounts, information can then be used to prepare financial statements. The company's bank and stockholders' equity are not directly involved in the recording process.

After a Business Transaction Has Been Analyzed and Entered in the Book