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What is the purpose of Journals in the accounting cycle? A. Provide proof of all transactions B. Record transactions for a business C. Determines if credits and debits are equal D. Records transactions
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What is the purpose of Journals in the accounting cycle?

A. Provide proof of all transactions
B. Record transactions for a business
C. Determines if credits and debits are equal
D. Records transactions in accounts

User Gruntled
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1 Answer

7 votes

Answer:

b. record transactions for business

Step-by-step explanation:

A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger.

User Tchar
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