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Closing entries are normally entered in the general journal to zero temporary and nominal accounts. They do not need to be posted to the worksheet.
1. Which transaction is entered in the general journal?A cash paid to supplier C office equipment bought on creditB Cash received from customer D cash purchases
false
Closing entries should be journalized and posted. They are entered in the general journal, as well as posted in the general ledger.
journal
the information is entered in the general journal, which is called the book of original entry.
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.
they are recorded in a general journal.
Closing entries are normally entered in the general journal to zero temporary and nominal accounts. They do not need to be posted to the worksheet.
1. Which transaction is entered in the general journal?A cash paid to supplier C office equipment bought on creditB Cash received from customer D cash purchases
false
The Journal Proper is the record both in which miscellaneous credit transactions are entered that do not fit in other books. It is also called the Journal Residual or the General Journal.
Closing entries should be journalized and posted. They are entered in the general journal, as well as posted in the general ledger.
journal
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
You record he credit entry for transaction (a) 5/1 in the journal as