Accounting System, Running Your Business

And Now for Something Completely Different – The George Washington Way

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April 6, 2013

George Washington’s journal entry to account for repairs of a pistol stolen and recovered

For years, I told my student’s that I expected all of their journal entries to prove as clear and accurate as George Washington’s records.

Journal entries should be clear, well documented, and should be done as rarely as possible in favor of direct entries into the subsidiary ledgers.

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