Accountancy, asked by faizar058, 2 months ago

A book in which transactions are recorded
in chronological order is called​

Answers

Answered by shanelfdes28
2

Answer:

Journal

Explanation:

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Answered by steffiaspinno
0

Its called Journal in accounting.

Explanation:

when all the business transactions takes place, no matter the business is small or big, all these transactions are first recorded in a book that we call Journal. in this book we record all the transactions in chronological order which means we record all transaction according to the date and time when they take place, from first to last. the entries we write in journal are used to transfer to ledger accounts which helps us in making financial statements for that year. when we record the entries in a journal, it is always recorded in a double entry format, which means every transaction that happens always has double effects on the books and account, one credit and one debit. both debit and credit side of journal should always of equal.

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