Interested to Buy Any Domain ? << Click Here >> for more details...
what is journal entry. Let me have the detailed with
example. Also the difference between the journal and payment
entry.
- 3 Answers
- 6751 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vidhya
All accounting transactions are recorded through journal
entries that show account names, amounts, and whether those
accounts are recorded in debit or credit side of accounts.
general exp alc dr
cash a/c cr
payment enteries
cash a/c dr
bank a.c cr
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / seema pandey
Journal entry means when ,No cash Dr.or No Cash cr. in the
Journal Books. suppose we purchase a machine for amount Rs.
5000 from Rama & company. then I"ll entered in journal Book
Journal Book
Machine /Fixed Assets Purchase A/c Dr.
party name
payment entry is -
Rama & company A/c dr.
Cash / bank A/c
By being amount paid to rama & company for purchase
machine .)
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / litu
JOURNAL ENTRY IS THE ADJUSTMENT ENTRY WHICH WILL PASSED IN ORDER TO ADJUST THE ACCOUNT.
SUPPOSE SALARY DUE, SO ENTRY WILL BE
SALARY A/C DR
TO SALARY PAYABLE A/C
WHEN SALARY ACTUALLY PAID IN CASH OR CHEQUE IT WILL BE
SALARY PAYABLE DR
TO CASH/BANK A/C
| Is This Answer Correct ? | 0 Yes | 0 No |
Define push down accounting?
what do you mean by cash profit
What are the advantages & disadvantages of double entry system?
What are non performing assets in banking?
2 Answers Jammu and Kashmir Bank,
In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.
What is cost accountancy?
what is capital reserve?
how much deduction want while salary paid?
What is difference vat
Explain me the difference between public and private accounting?
a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?
how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come
Audit 
