What is journal entry
Answers were Sorted based on User's Feedback
The entry made in books of accounts which does not affect cash and bank is called journal
Is This Answer Correct ? | 53 Yes | 17 No |
Answer / anand n r hassan
whenver we made a business transaction we have to pass an
entry relating to that in the concerned ledger book is
called as journal entry
Is This Answer Correct ? | 25 Yes | 8 No |
Answer / satyaki_raju@yahoo.com
it is used to document a business transaction that
increases funds in one account and decreases in another
account with cash receipt or payment
Is This Answer Correct ? | 21 Yes | 12 No |
Answer / rakesh
journal entry means when we record the primary data on very
fisrt time in our account books is called journal entry
Is This Answer Correct ? | 9 Yes | 5 No |
Answer / nithya
Each transaction affects a minimum of two accounts and is
recorded as a journal entry, often assigned a number for
reference purposes. Information in the journal entry would
include, the source, the date, a description of the entry,
what accounts are debited and credited and for what value. ...
Is This Answer Correct ? | 6 Yes | 3 No |
Answer / vin
journal Entry mens daily entry journal mens Deily
therefour journal entries mens deily entry excluding
Payment, receipt , contra, pur & sales
Is This Answer Correct ? | 11 Yes | 9 No |
Answer / dilip kumar
All the transactions which are recorded daily.
Is This Answer Correct ? | 6 Yes | 6 No |
Answer / lavanya
A Journal Entry,in accounting,is aloogging of transaction into accounting journal items.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / abdisalaam
journal entry is a book which in journolochical oder it's
called journal entry or orginal entry...
Is This Answer Correct ? | 2 Yes | 4 No |
sir, can u pls tel me about second round interview in state bank of india
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Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.
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