What term is used for the organization's original books where transactions are first recorded?

The term that refers to the organization's original books where transactions are first recorded is "journals." In accounting, journals serve as the primary means to track all financial transactions chronologically. Each entry in a journal includes details such as the date, amount, and nature of the transaction, which helps maintain a consistent and accurate record.

This systematic recording is essential for ensuring that entries are clear and organized, allowing for easier reference and reconciliation later in the accounting cycle. Once recorded in journals, transactions are subsequently posted to ledgers, which categorize and summarize them by accounts.

Understanding this foundational concept is crucial for anyone involved in managing financial records, particularly in assisted living facilities where accurate financial management is key to operational success and compliance with regulations.