1. Project 4

1.13. Training Room 4

Training Room 4

Training Room 4: The Opening Entry

 

Training Room 4 Introduction

 

Suggested Time: 160 minutes

 

journal: a book or a diary where transactions are recorded in chronological order

 

transaction: a financial event changing the financial position of a business

 

 

This is a photograph of a diary.

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Before financial events can be entered into the journal, it is necessary to record the beginning financial position of the business, or the information from the beginning balance sheet.