Using Parallel Accounting in the General Ledger to Apply Different Accounting Principles at the Same Time
After completing this lesson, you will be able to:After completing this lesson, you will be able to:
- Describe how general ledger accounting allows performance of parallel accounting
Parallel Accounting
Definition and Use of Ledger
Universal Journal as single source of truth - Ledger
Example of Ledger

Bike Company - Ledger Example
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