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Topic: Business
Number of pages / Number of words: 1 / 274
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group all similar items. This is accomplished by the bookkeeping procedure of posting all the

journal entries to appropriate accounts. As indicated earlier, accounts are records of like items.

They show transaction dates, increases and decreases, and balances. For example, all increases and

decreases in cash arising from transactions recorded in the journal are accumulated in one account

called Cash...


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group all similar items. This is accomplished by the bookkeeping procedure of posting all the

journal entries to appropriate accounts. As indicated earlier, accounts are records of like items.

They show transaction dates, increases and decreases, and balances. For example, all increases and

decreases in cash arising from transactions recorded in the journal are accumulated in one account

called Cash...


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