Which accounts typically have transactions recorded in them?

Sales and purchase accounts are specifically designed to record transactions related to sales of goods or services and purchases of inventory or supplies, making them essential components of a business's accounting system. These accounts directly reflect the operational activity of a company, showing revenue generated from sales and expenses incurred from purchases.

In contrast, while personal savings accounts, investment accounts, and credit card accounts do have transactions, they serve different purposes. Personal savings accounts primarily track deposits and withdrawals made by individuals; investment accounts monitor portfolios of assets rather than the direct transactions related to business operations. Credit card accounts deal with borrowed funds and payment obligations rather than the core activities of buying and selling. Therefore, sales and purchase accounts are most relevant for businesses as they capture the essential financial activity that determines profitability and operational flow.