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Cash Transactions Cash transactions are the most fundamental and frequent activities recorded in any business. These involve the direct use of cash — either physical currency or equivalents — to conduct business operations. Because cash is highly liquid and easily transferable, it’s essential to keep accurate records of every movement to ensure accountability and prevent […]

Bank Transactions Bank transactions are central to modern business operations, as most financial activities are processed through checking, savings, or credit accounts. These entries reflect the movement of funds into and out of the business via electronic transfers, checks, direct deposits, and bank loans. Properly recording these activities is vital for accurate bank reconciliations and