answersLogoWhite

0

Booking Journal Vouchers(JV) is simple no doubt. JV is the basic transactional voucers which becomes the basis of final accounts.

the JV is booked in the ledger account by debiting or crediting the amount on the JV in the relavent account in the ledger book.

For example; if i get the amount in advance from my salray account. the accountant would then prepare a JV and puts its amount in my ledger account by crediting it.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

Do you attach receipts or invoices to journal vouchers?

Invoices are attached to journal vouchers


What are the different types of payment vouchers?

The different types of payment vouchers include cash payment vouchers, bank payment vouchers, and journal vouchers. Cash payment vouchers are used for cash transactions, bank payment vouchers for transactions through the bank, and journal vouchers for accounting entries. Each voucher type serves a specific purpose in documenting and authorizing payment transactions.


What is the journal entry for booking a car purchase?

Credit Bank or Accounts Payable, Debit Fixed Assets.


Explaine different types of vouchers in Tally?

Vouchers typesPaymentsReceiptsSalesPurchasesJournalsDebit NotesCredit NotesDelivery ChallansGoods InwardGoods OutwardStock JournalsPhysical Stock VouchersContrasMemosSales OrdersPurchase OrdersRejection NotesReversing Journal


What is procedure for advance booking of railway retiring rooms?

i want to know the same


Can you make journal entry of petty cash expenses in F7 tally 9?

Tally 9 is pre-programmed with a selection of accounting vouchers. Petty cash expenses is not one of the selections but these vouchers can be altered or new ones can be created.


Which business process area maintains general ledger accountsprocess journal vouchers performs periodic cash balancing activities and conducts period end and year-end closings?

The accounting department is responsible for the general ledger, personal journal vouchers, periodic cash balancing and end of year closings. They handle everything financial for a business.


How do you make service tax entries?

i need your help about entries of service tax, optional voucher, journal voucher, memo vouchers in tally 7.2


What is meant by journal vouchers and brief discussion?

A journal is a book in which transactions are recorded in the order in which they occur i.e chronological order journal is called a book of prime entry or original entry because all the book transactions are recrded in this book the proceess recording transactions in joural is called journalizing.


What is entry of reissue in galilio?

Reissue Procedure. 1. Modify/Create the booking file If the passenger's original Booking File can be retrieved, it may be modified by cancelling the flights no longer required and booking the new itinerary. Alternatively a new Booking File may be created.


When are you journal voucher use in tally?

All transactions entries which will not do to any other accounting vouchers.


Why does Charlie from 'Flowers for Algernon' have a journal?

He is asked to write one when he applies to the Beekman Institute for the experimental procedure.