_____ is primary book for recording transactions
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The first step involves identifying the transactions to be recorded and preparing the source documents which are in turn recorded in the basic book of original entry called journal and are then posted to individual accounts in the principal book called ledger.
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Transactions are first recorded in the books of prime entry and then recorded on the ledger system. A prime entry record (or book of prime entry) is where a transaction is first recorded. These records consist of: The cash book: this records amounts paid into and out of the bank account.
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