is evidence that a transaction took place in the business entity.

Source documents

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Ledgers

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Bonds

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Journal

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Solution

The correct option is D Journal
A journal is called a book of prime/original entry, and hence journal is evidence that a transaction took place in the business entity.

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Similar questions

____ is the evidence that a transaction took place.

Michael took 1,000 rupees from the revenues of his business and lent it to a friend to kickstart his business. Where does this transaction fall?

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