define journal entries✌✌☺☺✔✔❓❓❓❓❓❓❓❓❓⬆❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓❓
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Answer:
journal entry is used to record a business transaction in the accounting records of a business. A journal entry is usually recorded in the general ledger; alternatively, it may be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger. The general ledger is then used to create financial statements for the business.
The logic behind a journal entry is to record every business transaction in at least two places (known as double entry accounting). For example, when you generate a sale for cash, this increases both the revenue account and the cash account. Or, if you buy goods on account, this increases both the accounts payable account and the inventory account.
Explanation:
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Explanation:
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Journal entries is a type of book which is used to record or entry transactions .