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Does the general journal have to balance?

Updated: 4/28/2022

Wiki User

∙ 13y ago

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Any journal has to balance.

Wiki User

∙ 13y ago

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What is the popular or general journal called in English?

What is a popular or general journal called in English

Can financial statements be prepared directly from the adjusted trial balance?

Yes, adjusting entries have been recorded in the general journal and posted to the ledger accounts.

What is popular or general journal called in English?

What is a popular or general journal called in English

What are the features of a journal?

there are 2 types of journal. 1. general journal 2. speacil journal

When would you enter a general journal adjustments in an accounting package?

General journal entries are transactions that you use to track general expenses. You would enter a general journal adjustment in an accounting package for a special situation only.

Related questions

Is tax a asset or expense and how do I record it in the General journal or balance sheet-?

Tax is an expense, you do not record it in a balance sheet but on the general journal.

Is tax a asset or expense and how do I record it in the General journal or balance sheet?

Tax should be recorded in the general journal because it is an expense.

What record that contains all accounts of company?

general ledger, general journal, special ledger, special journal, column balance ledger.

What is the popular or general journal called in English?

What is a popular or general journal called in English

When was The Journal of General Physiology created?

The Journal of General Physiology was created in 1918.

When was Journal of General Virology created?

Journal of General Virology was created in 1967.

What is another name for the general journal in accounting?

the information is entered in the general journal, which is called the book of original entry.

What is popular or general journal called in English?

What is a popular or general journal called in English

Can financial statements be prepared directly from the adjusted trial balance?

Yes, adjusting entries have been recorded in the general journal and posted to the ledger accounts.

What are the features of a journal?

there are 2 types of journal. 1. general journal 2. speacil journal

When was Journal of General Internal Medicine created?

Journal of General Internal Medicine was created in 1986.

When was International Journal of General Systems created?

International Journal of General Systems was created in 1974.

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