InterviewSolution
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InterviewSolution
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Discribe how accounts are used to record information about the effects of transaction in 80 words |
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Answer» Dr. Step 1− Locate the account in ledger, i.e., Mr A's Account. Step 2− Enter the DATE of TRANSACTION in the date column of the debit side of Mr A's Account. Step 3− In the 'Particulars' column of the debit side of Mr A's Account, the name of CORRESPONDING account is to be WRITTEN, i.e., 'Sales'. |
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