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12 July, 14:56

The act of entering a transaction in a journal is called

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  1. 12 July, 15:11
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    The act of entering a transaction in a journal is called journalizing. Journalizing is the process of putting data and transactions into a journal to keep track of all assets, liabilities and stockholders' equity that an organization has. By keeping track of this information, managment can make business decisions that are in the best financial interest for the company.
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