Can you please explain to me why a chronological record of business transactions is important to a business? Thank you so much for your time and effort.

The general journal is normally the initial book of entry. It is a chronological record of a company's financial transactions. The transactions are first recorded in the general journal. The general ledger is the book used to keep the records of the transactions. It is used to track items such as expenses, assets, revenues, liabilities, etc. The general ledger keeps the records of all the accounts. Question: Why would a chronological record of business transactions be important to a business? This is a study guide question and I need to answer it in at least a 175 words