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Accounting System Design

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The accounting system is made up of all the different books of accounts and other records we maintain to help the process of accounting. An account system needs to be redesigned for recording transactions relating to business, new business etc.
The steps in the process of accounting comprise:
• Recording the Journal based on the proof of a transaction
• Posting the Journal into the Ledger
• Balancing the Ledger Accounts and preparation of the Trail Balance

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