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What is mean by Journalising ?
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Answer / hashim bim ali
journalising is the first phases of the accounting process
when any transaction or any event take place in the
business it is recorded in the book of accounts it called,
is called journalisation.
| Is This Answer Correct ? | 33 Yes | 4 No |
Answer / jagadeesh.rt
Recording of business transactions in a Journal is called
Journalising.
| Is This Answer Correct ? | 26 Yes | 3 No |
Answer / gokul
The process of recording,the DAY TO DAY business
transations in the books of account i.e JOURNAl is called
journalising.
| Is This Answer Correct ? | 19 Yes | 1 No |
Answer / gembo tshering
Journalising is the pocess whereby the day-to-day business
transactions are recorded in the primary books of Accounts
called Journal.It can be described as the first phase of
accounting
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / deepthi
recording the day to day transations in the books of accounts
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / harish
Entering of financial data taken usually from a journal voucher, pertaining to a specific transaction, in a journal under a double entry bookkeeping system. It involves recording of five aspects of a transaction: (1) its date, (2) ledger account to be debited and amount, (3) ledger account to be credited and amount, (4) brief description of the transaction, and its (5) cross-reference to the general ledger.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / chandu
Above 2 answers is nice,along with i am giving my thought.
Journal entry means "Point entry of business transaction in
to Accounting System"
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / shaik bajivali
JOURNALISING MEANS MAINING THE BOOKS WITH DETAILS OF
ENTRIES FOR EAH AND EVERY TRANSACTION.
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / subhash bandi ku
journalising is the process of recording the journal
entries in the primary book (journal book).
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / anjie
In simple words, journalising is an act of recording financial transactions in the journal book. It is a process of systematic recording of financial transactions in the book of prime or original entry.
| Is This Answer Correct ? | 0 Yes | 0 No |
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Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
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interest paid to bank for journel entry
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