Describe an account and its use in recording transactions


Discussion Post

• Explain the steps in processing transactions and the role of source documents.
• Describe an account and its use in recording transactions.
• Describe a ledger and a chart of accounts.
• Define debits and credits and explain their role in double-entry accounting.

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

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Accounting Basics: Describe an account and its use in recording transactions
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