Accounting · Journal Entries
'Each transaction is analysed into the debit aspect and the credit aspect. This helps to find out how each transaction will financially affect the business.' The given statement describes which of the following functions of a journal?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Secondary function
- 2Recording function
- 3Analytical function✓
- 4Historical function
Correct answer
Analytical function
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