Describe the information that should accompany an entry in the general ledger.
Monday, April 24, 2023
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Question: Describe the information that should accompany an entry in the general ledger.
An entry in the general ledger should contain the following information:
- The date of the transaction
- The account name and number of the debit and credit accounts involved
- The amount of the debit and credit
- A brief description of the transaction
- A reference to the source document or journal entry that recorded the transaction
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