Why is it neccessary for a merchants to keep journal?
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Answer:
It is necessary for a merchant to keep journal as while getting their accounts audited by auditor journals will be provided as proof that the transaction has been done.
Explanation:
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0
Explanation:
A journal is a detailed account that records all the financial transactions of a business, to be used for future reconciling of and transfer to other official accounting records, such as the general ledger.
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