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Charisma Phillips
on Nov 12, 2024

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Transactions must first be recorded in the general journal before they can be entered in specialized journals.

General Journal

A primary accounting record used to record all types of transactions before they are posted to individual accounts in the general ledger.

Specialized Journals

Accounting books or ledgers used to record and track transactions of a specific type, such as sales or purchases, separately from the general ledger for greater efficiency and accuracy.

  • Understand the value and operation of the general journal.
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Frank MaxwellNov 16, 2024
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