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Journal of Accounting and Taxation. 5(2), pp. 3847, July 2013 DOI: 10.5897/JAT11.032 ISSN 21416664 2013 Academic Journals http://www.academicjournals.org/JATFull Length Research Parole of the agency
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Start by understanding the purpose of the journal of accounting. It is used to record all financial transactions in a chronological order.
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Begin by creating a separate entry for each transaction, including the date, description, and amount.
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Identify the accounts affected by each transaction and record the appropriate debits and credits.
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Calculate the balances for each account and ensure they are accurate.
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Cross-reference the journal entries with the corresponding supporting documents, such as receipts or invoices.
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At the end of the accounting period, summarize the journal entries and transfer them to the general ledger for further analysis and reporting.

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Journal of accounting and is a record of financial transactions of a business.
All businesses, including sole proprietors, partnerships, and corporations, are required to file journal of accounting and.
Journal of accounting and can be filled out manually or using accounting software, following the double-entry accounting system.
The purpose of journal of accounting and is to provide a comprehensive record of all financial transactions and to track the financial performance of a business.
Information such as date of transaction, description of transaction, accounts affected, and dollar amounts must be reported on journal of accounting and.
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