Your friend presents the following criticism of the accounting system: “Accounting involves so much.

Your friend presents the following criticism of the accounting system: “Accounting involves so much.

Your friend presents the following criticism of the accounting system: “Accounting involves so much duplication of effort. First, entries are recorded in a journal; then the same information is recorded in a ledger. No wonder accountants work such long hours!” Do you agree with this criticism? Explain. (Appendix)View Solution:
Your friend presents the following criticism of the accounting s

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