0
What else can I help you with?
Why do you need to do journal entry?
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
When is journal entry made?
Journal entry is made as soon as when any business transaction occur in business.
Why do you pass an 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.
What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
What is journal entry in accounts?
recording of business transaction in chronological order is a journal entry
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
Is journal entry passed when PO is booked?
No journal entry required when PO is generated as no business transaction has occurred.
What is the purpose of journal entry?
A journal records what you're findings are
What happends when recording a journal entRy?
When recording done as journal entry any business transaction is recorded in books of accounts and become part of business books of accounts.
What is book of original entry?
"Journal" is called as book of original entry because at the occurance of any business transaction, entry is first of all recorded in journal.
What is the journal entry for deposit to bank account for beginning a business?
Journal entry for opening a bank account
Is a journal voucher also a journal entry?
No, These two are different. Journal vochar is document through which journal Entries are made in books of accounts
