How to record a transaction

Question 1

book keepers definition

Answer 1

= people performing basic taks involved in accounting

Question 2

2 main books in accounting

Answer 2

1. journal = all financial records in chronological order
   - each entry is called “journal entry”
   - used to keep a complete record and organized
2. ledger = collection of all accounts maintained by a business, which provide a summary of all transaction
   - recorder by account, not date