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Identify and discuss the steps in the recording process. Be sure to discuss what each step...

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Accounting

Identify and discuss the steps in the recording process.Be sure to discuss what each step does and how it relates to thesteps before and after it. Then, answer the followingquestions:

Should business transactions credits and debits be recordeddirectly into the ledger accounts?

What are the advantages of recording in the journal beforeposting transactions into the ledger?

Answer & Explanation Solved by verified expert
3.6 Ratings (617 Votes)
The business transactions cannot be directly posted into the ledgeraccount All the transaction should be recorded in journal before posting into ledger accountThis helps to prevent errors in accounting The recording process is very important in maintaining a good account book    See Answer
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