Recording Transactions: Journals, Ledgers, Posting, Concepts & Examples

The compilation of these Accountancy Notes makes students exam preparation simpler and organised.

Recording Transactions

The whole purpose of accountancy is to keep a track of all your business transactions. The first and the most basic step is thus the recording of such transactions. From these, we prepare our final accounts for the stakeholders. So let us learn about source documents and recording transactions for financial accounting.