You are there foreconsidering recording the transactions


You have been running a sole-proprietorship business dealing in cosmetic products. You have been accurately recording all your sale and purchase transactions in journals and using the journals, in the general ledger accounts. Lately, you have observed that the entire exercise is taking a lot of time. You are there foreconsidering recording the transactions directly into the general ledger accounts. Is this ethical and will you be following the accounting norms if you undertake such a step? Why or why not? Discuss.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: You are there foreconsidering recording the transactions
Reference No:- TGS0595887

Expected delivery within 24 Hours