press alt+del
alt+d for delete any entry
how to delete any one voucher entry in tally 7.2
Journal entry is made as soon as when any business transaction occur in business.
"Journal" is called as book of original entry because at the occurance of any business transaction, entry is first of all recorded in journal.
yes there is entry with grace date or due date
Journal entry is the first step in accounting process and it is used to record the business transections and without recording journal entry it is not possible to generate any kind of report as well as preparation of income statement or balance sheet.
Being able to follow the dictates of your inner muse allows you to start your journal entry with any word you choose.
When recording done as journal entry any business transaction is recorded in books of accounts and become part of business books of accounts.
Journal entry is the first record in books of accounts which shows any business transaction that occurred in past and it is also called "original entry" which provides basis for all other reports and statements.
Whenever any business transaction occur It is compulsory to make journal entry so this is true in case of sales as well.
Debit bad debtsCredit accounts receivable
Because as soon as any business transaction occurred first of all it is recorded in journal and after that it is summarized in different ledgers that's is why it is called book of original entry.