1. How does the T account differ from the running balance form for an account? How are they…

1. How does the T account differ from the running balance form for an account? How are they similar? 2. What is the benefit of using a cross-referencing system between a ledger and a journal?

3. How often should a company post entries from the journal to the ledger?

4. What is the purpose of a trial balance?

 

 

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