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The Complete Idiot's Guide® To Accounting by Lita Epstein, Shellie L. Moore

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Chapter 5
Changing the General Ledger
In This Chapter
• Making adjustments
• Recording depreciation
• Dividing expenses
• Adding accounts
• Eliminating dead weight
All right! You’ve set up the general ledger. Now you can get down to running the business and not have to worry about your accounting system. Wouldn’t that be nice if it were true?
Both the chart of accounts and the general ledger are works in progress that can be changed as needed to fit your business. They are not cast in stone; you can change both the accounts and what is in them in many different ways. This chapter shows some key examples of how you can make these changes, such as how to depreciate assets and how to account for prepaid expenses. Then the chapter shows how ...

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