Answers
Answer 1
alright, hiya!!! i am not entirely sure but this is the best I could do
It is vital to use an account ledger so that you can keep a correct record of financial transactions. This keeps everything systematised and in one place.
let’s just hope that’s good if you need to write a lot, use that as a starter, and if you don’t then just use it the way it is I guess!!! :)
a small glossary:
-vital means necessary/important/crucial
-systematised means in order/organised
I hope this helps xxxxx
It is vital to use an account ledger so that you can keep a correct record of financial transactions. This keeps everything systematised and in one place.
let’s just hope that’s good if you need to write a lot, use that as a starter, and if you don’t then just use it the way it is I guess!!! :)
a small glossary:
-vital means necessary/important/crucial
-systematised means in order/organised
I hope this helps xxxxx
Answer 2
We know that double entry bookkeeping is used for day-to-day transactions so to keep those transactions recorded and to prevent overlooking them, it is best that we record them in ledger accounts.
Then, to make sure of the arithmetic accuracy, a trial balance may be prepared.
Hope this helps
Then, to make sure of the arithmetic accuracy, a trial balance may be prepared.
Hope this helps
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