What is the purpose of providing a ledger account for each account?

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04-02-2017
Business

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What is the purpose of providing a ledger account for each account?

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crista4ever crista4ever · Answer 1 · 2017-02-04T02:01:50+01:00

crista4ever crista4ever

04-02-2017

Every transaction affects at least two accounts. The first relates to the reason for the income or expense. For example, if you sell a crib, you might record the ...

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