A book that contains the account for the financial transactions of an organizations is the
Answer Details
The book that contains the account for the financial transactions of an organization is called the ledger. The ledger is a primary accounting book that contains a record of all financial transactions related to an organization's accounts.
Every financial transaction, including sales, purchases, and payments, is recorded in the ledger, with each transaction listed in a separate account. The ledger provides an overview of an organization's financial position, including its assets, liabilities, revenue, and expenses.
The journal is another accounting book that records financial transactions, but it is used to record them in chronological order. The folio is used to reference the page number in the ledger where a particular transaction has been recorded. A register is a general term that can refer to any book or electronic record used to keep track of information related to a specific topic or purpose.
In summary, the ledger is the book that contains the account for the financial transactions of an organization, making it an essential tool for accounting and financial management.