A personal journal entry is a written reflection in which an individual records their thoughts, feelings, experiences, and observations. It often serves as a private space for self-expression, allowing the writer to explore their emotions, document daily events, or set personal goals. Journal entries can vary in style and content, ranging from structured narratives to freeform musings. This practice can promote self-awareness, emotional clarity, and personal growth.
debit drawingscredit cash / bank
A personal video journal entry is typically called a vlog, short for video log. It is a way for individuals to share their thoughts, experiences, and activities through video content.
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
debit drawingscredit office equipment
drawings a/c dr to cash a/c
debit carcredit owner's capital
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
Sundry creditors a/c dr to proprietors personal a/c cr
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.
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.