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what is journal entry ? please describe in detail.
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Answer / jashi
Journal entry is the posting of business transactions in the accounting books. A journal entry will have same amount of debit and credit.
when sales occured in a company, entry will be,
Cash A/c Dr
To sales A/c Cr
| Is This Answer Correct ? | 21 Yes | 5 No |
Answer / ratisankar
NOW A DAYS THREE TYPES OF ENTRIES ARE FOLLOWED IN CORPORATE SECTOR JOURNAL,RECEIPT,PAYMENT BECAUSE THEY FOLLOWED ACCRUAL BASIS OF ACCOUNTING JOURNAL IS NOTHING BUT THE DUE ENTRY WHERE
CASH AND BAND DOES NOT AFFECT SO FOR SALES TO RAM FOR 10000
RAM A/C-----DR
TO SALES (DUE ENTRY)THIS IS JOURNAL
WHEN MONEY IS RECEIVED THEN RECEIPT ENTRY WILL PASS
cASH/BANK A/C------DR
TO RAM
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / mahes
ANY TRANSACTIONS MADE WE ARE ANALYSIS TRANSACTION TYPE CASH
OR CREDIT, RECEIVED / PAID FIND THE CORRECT PLACE PUT THE VALUE.
| Is This Answer Correct ? | 0 Yes | 4 No |
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