Record book for accounts Crossword Clue

The crossword clue "Record book for accounts" with the answer "LEDGER" refers to a fundamental accounting record that contains a company's financial transactions. It is often used to track debits and credits, providing a comprehensive overview of financial activity over a specific period.

In a ledger, transactions are categorized by account, making it easier to understand the financial health of a business. Ledgers are essential for preparing financial statements, ensuring accuracy in reporting, and facilitating audits.

The crossword clue "Record book for accounts" with the answer "REGISTER" refers to a detailed record that tracks specific transactions, often focusing on cash inflows and outflows.

This book provides a chronological account of financial activities, including sales, purchases, receipts, and payments. Registers are crucial for maintaining accurate records, facilitating daily financial management, and ensuring accountability.

The crossword clue "Record book for accounts" with the answer "JOURNAL" refers to a journal is the initial record where all financial transactions are first documented before being transferred to the ledger.

Each entry in a journal includes details such as the date, accounts affected, amounts, and a brief description of the transaction. Journals serve as the foundational basis for double-entry bookkeeping, ensuring that every transaction is accurately captured and categorized.

The crossword clue "Record book for accounts" with the answer "LOGBOOK" refers to a record-keeping tool used to document specific activities, often in a systematic manner.

While not exclusively for financial accounts, logbooks can be utilized in various contexts, including tracking business transactions, inventory, and operational activities.