Question

Which document shows a summary of transactions taking place between a trader and a customer during a month? *

Answer 1

Answer:

HYYMATES

=> Accountants use special forms called journals to keep track of their business transactions. A journal is the first place information is entered into the accounting system. A journal is often referred to as the book of original entry because it is the place the information originally enters into the system. A journal keeps a historical account of all recordable transactions with which the company has engaged. In other words, a journal is similar to a diary for a business. When you enter information into a journal, we say you are journalizing the entry. Journaling the entry is the second step in the accounting cycle.

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Answer 2

Answer:

=> Accountants use special forms called journals to keep track of their business business transactions.

Explanation:

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