My question is why we record transactions?

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
How to record transactions in a journal?
Posted by:
محمد الباجوري
24-June-2013

Accounting Transaction Economics

Question added by Asad Fareed
Date Posted: 2016/05/18

Upvote (1) Views (3) Followers (2) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

Gayasuddin Mohammed

by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

for tracking, record, audit, accountability, etc..

Downvote Reply () Report

Popular Searches

Sales Executive Jobs Engineers Jobs Engineering Technicians Jobs Accountant Jobs Driver Jobs

Write Your Answer

More Questions Like This

There is normally a stock count annually by the finance people to confirm system balance, can a person recording transactions of fixed assets participate in fixed assets stock count by finance?
Top Answer: Success of verification audit lies in independent assessment process no matter who else participates in ... See More

Answers (3)
Regardless of the type of ledger that you're using, the purpose of the ledger is to record :?
Top Answer: d)recording business transactions is to decide what account will be debited and what account will be cred ... See More

Answers (2)
Transactions are initially recorded in which of the following?
Top Answer: <p>B.Books of ledger entry</p> See More

Answers (1)
What is to term used to describe the recording of a transaction in the accounting records using debits and credits?
Top Answer: since recording of transactyion in the accounting records using debits and credit meas posting the transa ... See More

Answers (20)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.