Define Relationship Scripts and Give an Example of Both Types

question 62

Essay

Define relationship scripts and give an example of both types.

---

Definitions:

Sales Journal

A specialized accounting journal used to record all sales transactions of a company, usually on credit.

Cash Payments Journal

A financial journal used in accounting that records all cash outflows or payments made by a business, including expenses and debts.

Other Accounts Column

A section in accounting journals or ledgers for recording entries that do not fit into the standard categories of the accounting system.

General Ledger

A complete record of all financial transactions over the life of a company, serving as the primary source of data for all financial reports.