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Chapter 4. Summarizing Transactions: Fro... > Getting a Current Liabilities Balanc...

Getting a Current Liabilities Balance

Now that a structure for journals and ledgers has been defined, it is straightforward to move amounts for liabilities into the Balance Sheet (see Figure 4.10).

Figure 4.10. The Balance Sheet for Bell Books, June 2002 (liabilities and owner's equity), links directly to the General Ledger's asset and liability accounts.



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