|
1. |
The history
of a firm's business transactions is recorded by using the |
|
|
system of
book‑keeping. |
|
2. |
Money owed
by a firm for goods purchased
are
. |
|
3. |
An audit is
usually carried out
.
|
|
4. |
Daily
records of sales, purchases, etc., must be
in a
ledger. |
|
5. |
Profit made
would be entered on the
side of the
accounts. |
