Accountancy, asked by Krishnakant6053, 10 months ago

Why is it neccessary for a merchants to keep journal?

Answers

Answered by vishumakh2908

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:

Answered by parneetkaur5536

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.

Previous Question

Next Question

Similar questions

Computer Science, 5 months ago

What is the output of the following? My_list=['London', 'Newyork'] a='-join(My_list) b=a[3:10:2] print(b)...

English, 5 months ago

A. Tick (✓) the correct answer. 1. The poem describes (a) an inter-school sports meet. (b) a national sports meet. (c) an Olympics event for the differently-abled. (d) a race at the Olympics. 2. The spectators had come to the old field to (a) compete in a race. (b) train for a race. (c) win a medal. (d) cheer the athletes. 3. The contestants of the race received a standing ovation because they...

Math, 5 months ago

The dimensions of the sweet box are 22cmx18cm x 10cm, how many such boxes can be packed in a carton of dimensions 1m x88cmx630m?

Math, 10 months ago

What is exponent of 125 by 27...

Math, 10 months ago

Find product of -8/9 and 3/-4...

Psychology, 11 months ago

WHY ARE FRIENDS IMPORTANT?

Math, 11 months ago

find two rational and two irrational numbers between 0.5 and 0.55...

Science, 11 months ago

name three phenomenon discovered by faraday and henry...