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I am so stoked right now you wonamp;#39;t believe it we are on the road to one of the most important Concepts that you will ever need to know in order to do proper financial accounting recording I show you how deep the rabbit hole goes okay gang in our last video we introduced the two major components of financial recording what happens to be the Ledger and the journal So within the Ledger anytime that a particular transaction affects the business itamp;#39;s recorded in the journal and then itamp;#39;s posted in The Ledger The Ledger will show you for each particular account its effects and the end imbalances station so today we are gonna uncover how to properly record transactions inside of the journal in this particular process is critical for both the recording part of accounting as well as the reporting part because I want you to understand anything that we record within the journal gets posted to The Ledger and if itamp;#39;s in The Ledger it will then be created in the finan