list the activities recorded under journal entry
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Answer:
A journal entry should typically include:
Unique identifying number of the entry.
Date of the transaction.
Amount(s) to be debited and credited.
Account(s) where the debits and credits are recorded.
Name of the person making the entry.
Whether the entry on one-time or recurring.
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- Explanation:
- The accounts in which the debits and credits are to be reported.
- The entry date.
- The accounting duration during which the journal entry will be recorded.
- The name of the person going to record the entry.
- Any administrative authorization.
- A distinct number to recognize the journal entry.
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