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This system involves the following steps a Preparation of journal Journal is called the book of original entry It records the effect all transaction of the first time b Preparation of ledger Ledger is the collection of all accounts used by a business Journal is posted to the ledger c Preparation of Trial Balance

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the 4 volumes are categorized as under volume 1 basic accounting and introduction to accounts and inventory volume 2 advanced accounting and inventory volume 3 expert in taxation volume 4 payroll accounting and compliance fself learning module includes • course material on 9 designed by tally solutions p ltd • tally …

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