Question

Can you Tell me the BEST WAY of learning JOURNAL ENTERIES for class 11th Accountancy​

Answer 1

ANSWER:

The simple procedure for passing a journal entry is:

• Be thorough with the 3 golden rules of accounting.
• Carefully read the transaction.
• Identify the accounts involved in the transaction.
• Identify the type of account involved whether personal,real,nominal.
• Apply the rules accordingly and pass the journal entry.

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