Chapter Three: Recording Transactions

📌 About the chapter: In this chapter, you will learn the steps of recording financial transactions from the beginning until preparing the trial balance. 🎯 What you will learn: Definition of the accounting cycle, identifying financial transactions, recording in the journal, posting to the ledger, balancing accounts, preparing the trial balance. The approved references in the explanation: The primary reference: the book "Financial Accounting According to International Financial Reporting Standards" translated by the Saudi Organization for Certified Public Accountants. The secondary reference: the book "Fundamentals of Accounting" by the author Wabel Al Wabel.