Why are the debit and credit entries in the adjustments columns of the work shhet identified with letters?
Why are the debit and credit entries in the adjustments columns of the work shhet identified with letters?
What do you mean?
Each Debit and Credit Adjustments entry is identified by a letter in parenthesis that links it to an adjusting entry recorded or explained earlier in the Trial Balance.
Debits are known as Dr and Credits are known as Cr.
There has to be some sort of reference system when journals are posted to ledgers
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