Journals  Ledgers and Trial Balances
Channel: I Teach AIS
Date: 2021-02-03

This video describes the accounting process in which data is recorded in journals and then summarized into accounting ledgers.  The video differentiates between the General Journal and the Specialized Journal.  It also discussed the General Ledger and Subsidiary Ledgers.  The data is traced through an audit trail from the source document to the financial statements. 

Romney and Steinbart, Chapter 2 - Transaction Processing

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