If you are to proposed a service type of business, discuss how you would successfully record business transactions and report a financial information.
Question:ifyou are to proposed a service type of business, discuss how you would successfully record business transactions and report a financial information.
Answer:
If I am going to record a transactions and report a financialinformation,Iwillusethejournalentries.
Journalentries. The most basic method used to record a transaction is the journal entry, where the accountant manually enters the account numbers and debits and credits for each individual transaction. This approach is time-consuming and subject to error, and so is usually reserved for adjustments and special entries.
Answers & Comments
Answer:
Question: if you are to proposed a service type of business, discuss how you would successfully record business transactions and report a financial information.
Answer:
If I am going to record a transactions and report a financial information, I will use the journal entries.
Journal entries. The most basic method used to record a transaction is the journal entry, where the accountant manually enters the account numbers and debits and credits for each individual transaction. This approach is time-consuming and subject to error, and so is usually reserved for adjustments and special entries.
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