Accountancy, asked by bunnyganga502, 5 months ago

account records the transactions relatimg to goods

Answers

Answered by rospark35

Answer:

journal entry

Explanation:

Analysis of Transaction: The transaction increases the cash at bank on one hand and decreases cash in hand on the other hand. Increases in assets are debited and a decreases in assets are credited. Therefore, record the transactions with debit to Bank account and credit to Cash account.

Journal entries. The most basic method used to record a transaction is the journal entry, where the accountant manually enters the account numbers and debits and credits for each individual transaction

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