ledger
account
The ledger is referred to as the "book of final entry" because it is where all transactions are ultimately recorded after being initially logged in the journals. It consolidates and organizes these transactions by account, providing a comprehensive view of an entity's financial position. This final entry allows for accurate financial reporting and analysis, serving as the primary source for preparing financial statements.
advantages of double-entry book-keeping system?
There will be no entry in cash book when cheque is paid into bank if cash was deposited into bank then there will be entry in cash book
book of prime entry are the first recorded book. The book of prime have including cash book , sales day book . purchase day book , and so on..
Because it is prepared from the journal which is the book of "original entry".
account
The ledger is referred to as the "book of final entry" because it is where all transactions are ultimately recorded after being initially logged in the journals. It consolidates and organizes these transactions by account, providing a comprehensive view of an entity's financial position. This final entry allows for accurate financial reporting and analysis, serving as the primary source for preparing financial statements.
The correct way to write the book title to complete the entry would be: "Robots in Space: Exploring the Final Frontier."
advantages of double-entry book-keeping system?
There will be no entry in cash book when cheque is paid into bank if cash was deposited into bank then there will be entry in cash book
Data entry book
Data entry book
book of prime entry are the first recorded book. The book of prime have including cash book , sales day book . purchase day book , and so on..
The cash book is a book of prime (original) entry because it is written up from business documents. The cash book is part of the double entry system as it acts as ledger accounts for cash and bank.
"Journal" is called as book of original entry because at the occurance of any business transaction, entry is first of all recorded in journal.
journal