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Tag: Personal accounts and trial balance

O Level Notes : Accounts - Personal accounts and trial balance

O level Accounts

O Level Notes : Accounts - Personal accounts and trial balance

zimsake   Aug 29, 2021  0  490

As the title of the subject implies, accounting is all about counting. We use different financial statements and methods to count or record data. Like wise, the information we recorded in the daily journal , we now need to make individual personal accounts for all the parties involved in that journal and balance off their accounts to see which account has credit balance and which as debit balance.

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