0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Journal entries should be posted in what order in accounting?
Journal entries should be posted in chronological order means as it happens if any transaction happend first it should be recorded first.
Transactions are recorded in a journal in order by?
Chronological order
Form for recording transactions in chronological order?
Journal
What is the recording process in accounting?
The recording process in accounting is the process of summerizing, classifying, and recording analysed transaction data in the journal in a systematic and chronological order and posted those to the ledger.
Posting of journal entries should be done in?
chronological order
What is journal entry in accounts?
recording of business transaction in chronological order is a journal entry
Journal entries should be posted in what order in accounting?
Journal entries should be posted in chronological order means as it happens if any transaction happend first it should be recorded first.
Transactions in a journal are initially recorded in a.account number order. b.dollar amount order. c.alphabetical order. d.chronological order?
Chronological order. It is chronological order because, it is recorded in the following format: Month - Day - Account/Transaction - Source Document - Debit Amount - Credit Amount
Transactions are recorded in a journal in order by?
Chronological order
Form for recording transactions in chronological order?
Journal
What is the recording process in accounting?
The recording process in accounting is the process of summerizing, classifying, and recording analysed transaction data in the journal in a systematic and chronological order and posted those to the ledger.
Posting of journal entries should be done in?
chronological order
When general journal is used?
The general journal is used to record all types of business transactions in chronological order. It lists debits and credits for each transaction, providing a complete audit trail. It is the initial step in the accounting cycle and helps in preparing financial statements.
Explain the meaning of term journal and state its significance?
An accounting record where all business transactions are originally entered. A journal details which transactions occurred and what accounts were affected. Journal entries are usually recorded in chronological order, and using the double-entry method of bookkeeping.
What are annals?
Annals are historical records that document events year by year in chronological order. They often provide detailed accounts of significant events, such as political, social, or cultural happenings, and are valuable sources for understanding the past.
The fossil record refers to?
A chronological order of all the fossils ever found.
What journal entry do you make to record product shortage?
a back order
