Question

Journal Entry Format Please​

Answer 1

Answer:

Journal entry format. A journal entry is used to record the debit and credit sides of a transaction in the accounting records. It is used in a double-entry accounting system, where both a debit and a credit are needed to complete each entry. ... The second column contains the debit amount to be entered.

Answer 2

Hiii mate

Here's ur answer ⬇️⬇️⬇️

In journal entry, we debit and credit two accounts.

You just have to remember three golden rules for this:

● "Debit what comes in and credit what goes out ".

This rule is for assets such as machinery, furniture, cash,stock etc.

●"Debit the receiver and credit the giver ".

This rule is for personal use such as Arun,Ravi, ABC Ltd. etc.

●"Debit all the losses and expenses and credit all the incomes and gains. "

This rule is for expenses and incomes.

FORMAT :

.................A/C Dr.

To .................A/C

Hope it helps uh

Thnq

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