Question

where do we where do we record the transaction that we have identified in the accounting process? Write an essay.​

Answer 1

Answer:

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. This approach is time-consuming and subject to error, and so is usually reserved for adjustments and special entries.Once each transaction is identified and classified, the information is recorded in the company general ledger.

Explanation:

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