Bookkeeping is the process of recording and storing financial transactions for future reference.
Bookkeeping forms are the one that helps in storing the financial data of a business and this, in return, assists the accountant in drafting the financial report of the business.
Most businesses use three kinds of business forms General Ledger, Subsidiary Ledger, and Journal. Each of these is a different form of effectively maintaining a business’s financial transaction(s).
Other bookkeeping forms include sales invoices, receipts, and time or inventory cards. However, this particular kind of bookkeeping form can be clubbed together to ease the task of recording financial transactions in one go yet with clarity and professionalism.
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