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Where do businesses usually record all monetary transactions on a daily basis?
  • a)
    Balance sheet
  • b)
    Income statement
  • c)
    Cash register or cash book
  • d)
    Ledger
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Where do businesses usually record all monetary transactions on a dail...
Businesses typically record all monetary transactions on a daily basis in a cash register or cash book. These transactions are initially recorded in the cash register or cash book, which serves as the book of original entry.
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Where do businesses usually record all monetary transactions on a daily basis?a)Balance sheetb)Income statementc)Cash register or cash bookd)LedgerCorrect answer is option 'C'. Can you explain this answer?
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