The two-column journal a.contains a debit and a credit column for recording the amounts for each transaction. b.contains two description columns, one for debits and one for credits. c.contains the activity related to one account. d.is used to record the balances for each transaction.

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.