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What is mean by Journalising ?
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Answer Posted / 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.
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