A double-entry journal is when there is a title or category on
one side, and the opposite side of the journal has the
There are two parts of journal entries in double entry accounting system. 1 - Debit part 2 - Credit part
1 - General journal entry 2 - Adjusting journal entry 3 - Month end adjusting entry
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
there are adjustments are in journal entries but there is no certain meaning, definitions for the term 'journal entry adjustment'
Recording of a transaction in an accounting journal, such as the General Journal. The journal entry has equal debit and credit amounts, and it usually includes a one-sentence explanation of the purpose of the transaction is called journal entry.
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
the journal entry to close the drawing account involves:
recording of business transaction in chronological order is a journal entry
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
I've got about 5. I'll have 5 more soon
i don't know that's y i came to this site and it docent help me
Compound journal entry is that in which there is more than one debit and credits or where there is more than one transactions recorded on one journal entry.