BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the process of recording business transactions in a journal
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journalizing
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posting
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chart of accounts
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Explanation:
Detailed explanation-1: -Journalizing transactions is the process of keeping a record of all your business transactions, tracking them in chronological order, and generally includes the date, the account you’re debiting or crediting and a brief description of the transaction that occurred.
Detailed explanation-2: -The process of recording business transactions is called journalising.
Detailed explanation-3: -The process of journalizing transactions involves making journal entries for a business’ financial transactions into the journal. The journal can be either general or special. The general journal is the most common type of journal for small businesses and keeps a record of every type of transaction.
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