__________ refers to the record of transactions of the firm in certain prescribes books
Answers
Answer:
Government refers to the record of transaction of the f
Journal is a book of accounting that includes all the transactions done by the firm.
EXPLANATION-
In accounting, a variety of transactions are made daily for smooth functioning. These transactions can be with cash or without cash and keeping their record is important to understand the income and expenses pattern for the firm financial conditions. After, recording in a journal they are classified into several different books as per the transactions nature. For example- The transaction is done with money will go to cash book or the transaction with the bank will go with bank book etc.
Hence, the Journal is the first step of maintaining accounting books by and firm or working organization to maintain their financial statements.
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