Answer Posted / savithri
A book in which the monetary transactions of a business are
posted in the form of debits and credits entry is called
ledger (Book in which all accounts of the business are
kept. In effect, the ledger is a classification and
summarization of financial transactions and the basis for
the preparation of the balance sheet and income statement.
The ledger also allows one to see the balance in a given
account at a particular time)
Book or place where business transactions are first
recorded in chronological order before being posted to the
general ledger accounts is called journal
A written record of expenditure, disbursement, or completed
transaction for proof
(Form used in an internal control system to contain and
verify all information about a bill to be processed or
paid. Usually the original bill is then attached to the
voucher. The voucher and bill are filed together until time
of payment.)
Is This Answer Correct ? | 34 Yes | 6 No |
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