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Journal's are an important element in terms of accounting.It is said so because the journal records and shows the transactions made by the firm during a particular year.journal is the book where they record the primary and first handed entries.It is from this journal entries they make other entries in the book of ledger,trial balance..etc..If any entry in the journal goes wrong then the whole matter will go wrong.....All the best....keep gionging.....
What else can I help you with?
When was Journal of Accounting Research created?
Journal of Accounting Research was created in 1963.
What are the advantages and disadvantages of journal entries in accounting?
what is the disadvantages of general journal
What is the basic summary device of accounting?
account or accounting equation
What is the principal book of accounting?
Journal Book
What is posting in accounting cycle?
Posting is recording in the ladgers information from journal. Posting is always from journal.
When was Journal of Accounting Research created?
Journal of Accounting Research was created in 1963.
What is Journal phase of accounting?
Journal phase of accounting is to journalize the business transaction in Journal as a first record in books of accounts.
What a journal?
A journal is a magazine. Or for accounting it is a ledger book.
Matching in accounting means to make an entry in the journal?
Matching" in accounting means to make an entry in the journal
What are the advantages and disadvantages of journal entries in accounting?
what is the disadvantages of general journal
What are the four special journals in accounting?
Following are four special journals in accounting: 1 - Sales Journal 2 - Purchase journal 3 - Cash receipt journal 4 - Cash payment journal
What is the basic summary device of accounting?
account or accounting equation
What is the principal book of accounting?
Journal Book
Why do you need to reverse a journal entry?
According to my understanding and my study in accounting, the reversal of journal entry merely is for the opening balances for a new year of accounting period
What is posting in accounting cycle?
Posting is recording in the ladgers information from journal. Posting is always from journal.
Accounting transactions from source documents are recorded in a?
journal
Who invite journal entry?
To record a journal entry, an individual would typically initiate it. Journal entries are used to document financial transactions in accounting, so they are typically made by the company's accounting or finance team members in accordance with accounting principles and guidelines.
