Question

how to do journel entry​

Answer 1

Answer:

The accounts into which the debits and credits are to be recorded.

The date of the entry.

The accounting period in which the journal entry should be recorded.

The name of the person recording the entry.

Any managerial authorization(s)

A unique number to identify the journal entry.

Answer 2

Explanation:

• all the assets are debited and liabilities are credited
• if Assets and expenses are increased then they are debited and if Assets and expenses are decreased they are credited
• if liabilities and incomes are increased they are credited and if liabilities and incomes are decreased they are debited
• proper drafting should be drawn and all the narrations should be written