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You generally re-class an entry in your financial books if it has been wrongly placed against a certain account. An example of this an expense that was related to a project grant that was classed by your Finance Department on unrestricted dollars. You'd re-class it so you can have the real numbers of expenditures from certain grant lines or financial sources and prevent the misappropriation of disbursements. Hope this answers your question. -A from New York, NY

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16y ago

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What is the basic formula to do a journal entry?

all you need is one pencil and one copisition book the formula is P*Ca journal entry this is your friendly formula for a journal entry. yours truly Jacob smith. ==


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