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Why do you make journal entry?

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Anonymous

11y ago
Updated: 8/20/2019

why do you make genral entry

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Wiki User

11y ago

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Related Questions

Matching in accounting means to make an entry in the journal?

Matching" in accounting means to make an entry in the journal


Do you make a journal entry for burden?

There are many different ways that you can make a journal entry for burden. You can for example explain how it has come into your life and affected you.


How do you record a journal entry in QuickBooks?

To record a journal entry in QuickBooks, go to the Company menu, select Make General Journal Entries, enter the date and journal entry number, choose the accounts to debit and credit, input the amounts, and save the entry.


How make journal entry in Quick book?

Pokemon


When you made sale is it compulsory to make journal entry?

Whenever any business transaction occur It is compulsory to make journal entry so this is true in case of sales as well.


What is a compound journal entry?

Compound journal entry is that entry which records more than one business transaction in one single journal entry.


How would you make a journal entry for a repurchased shares in a journal?

Debit treasury stockCredit cash / bank


How do you do journal entry for Forecasting Sales?

There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.


What journal entry do you make to record product shortage?

a back order


How do you make Journal entry for recording Letter of Credit goods?

L/C related all journal entries


What is the structure of a journal 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.


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.