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The Importance of Journals and Source Documents in Accounting

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Ledger

Journal (correct)

Balance Sheet

Income Statement

Recording transactions in the Ledger

Recording transactions in the Income Statement

Recording transactions in the Journal book (correct)

Recording transactions in the Balance Sheet

Balance Sheet

General Ledger

Income Statement

Book of Prime Entry (correct)

<p>Identify the affected accounts</p> Signup and view all the answers

<p>Personal, Real, Nominal</p> Signup and view all the answers