Professional Documents
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Books of Accounts
Books of Accounts
Books of Accounts
Accounts
Rodmarc P. Sanchez, J.D.
What is accounting
It is the process of identifying, recording, and
communicating economic events of an organization to
interested users.
What are the components of
accounting
Identifying, recording, and communicating economic
events
JOURNAL
What is a Journal?
It is a record of financial transactions in order by date.
Traditionally, a journal has been defined as the book of
original entry. For each transaction the journal shows
the debit and credit effects on specific accounts.