(a)
Recording of business transactions: Recording is the second step of the accounting process, in which documentation plays an important role. It involves the documentation of the identified financial transactions, in order to provide detailed information of the financial activities of an organization.
The process of recording involves the systematic recording of all events and transactions in a chronological order in the journal and
If business transaction debits and credits can be recorded directly in the ledger accounts
(b)
To ascertain: The advantages of first recording transactions in the journal and then posting to the ledger
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