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    Business
  3. Study Set
    Financial Accounting Asia
  4. Exam
    Exam 3: The Accounting Cycle: Capturing Economic Events
  5. Question
    Each Business Transaction Is Initially Recorded in a Journal and Later
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Each Business Transaction Is Initially Recorded in a Journal and Later

Question 31

Question 31

True/False

Each business transaction is initially recorded in a journal and later transferred to the appropriate accounts in a general ledger.

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