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Week 1 Discussion 2 Acct I
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The recording process and the accounting equation
The recording process is a three step procedure that can be used in tracking of transactions and
data more easily to record activity in the accounting records. It basically used for matching
revenues with expenses. In most of the cases, when you use a credit card, even though you have
not paid out cash yet you still received value as well as owe money. In this...
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