The manager of Belle Home Improvements purchased several cash registers for the business on June 10 but does not remember whether he paid cash for the full price or still owes a balance to the vendor. Where is the best place for the manager to get the information about this transaction?

Question

Business

Lil Girl

15 September, 08:20

The manager of Belle Home Improvements purchased several cash registers for the business on June 10 but does not remember whether he paid cash for the full price or still owes a balance to the vendor. Where is the best place for the manager to get the information about this transaction?

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Answers (1)

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Marina Sexton · Answer 1

The best place to get information about the transaction is the general journal.

Explanation:

The best place for the manager to get information about the transaction is the general journal.

The journal in accounting is a record of financial transactions in order by date. The general journal is a day book that records transactions as it relates to adjustment entries, opening stock, accounting errors. Entries in general journal includes dates and explanation of transaction called narration.

The manager can find out if he paid fully for the transaction by going through the narration in the general journal.