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  3. Study Set
    Principles of Accounting Study Set 1
  4. Exam
    Exam 2: Analyzing and Recording Business Transactions
  5. Question
    The General Ledger Is the Basic Storage Unit for Accounting
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The General Ledger Is the Basic Storage Unit for Accounting

Question 107

Question 107

True/False

The general ledger is the basic storage unit for accounting data and is used to accumulate
amounts from similar transactions.

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