The primary account which records all the financial transactions in a tally is......... |
Journal Balance Sheet Voucher File |
Voucher |
The correct answer is option 3- Voucher. The primary account which records all the financial transactions in a tally is Voucher. Reccuring activities include entry of transactions and generation of reports. The transactions are recorded on the basis of Cash Vouchers, Bank Vouchers, Purchase Vouchers, Sales Vouchers, Journal Vouchers, etc. Reports include generation of Day books, Ledgers, Trial Balance, Statement of Profit and Loss, Position Statement and Cash Flow Statement. |