list the activities recorded under Journal entry.
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Activities recorded under Journal entry
Explanation:
- A journal entry is a record of the business transactions in a company's accounting books. A properly documented entry in the journal consists of the correct date, sums to be debited and credited transaction description and unique reference number.
- The first step in the accounting cycle is an entry to a journal. A journal details all of a company's financial transactions and makes a note of the affected accounts. An entry to a journal has equal amounts of debit and credit.
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