Question

Preparation of journal with the help of business trenscation

Answer 1

HEY.

PREPARE YOUR OWN PROJECT

.

CHOOSE IT FROM BOOKS.

WHICH IS GO HARD FOR YOU..

THIS IS BETTER WAY OF STUDY

Answer 2

A Journal Entry means a summary of the debits and credits, ie. entry and expenditure of the different transaction into it.

Journal entries are vital because they provide us to sort our transactions into the management of data.

The first step is  “Source Documents”. Source documents comprise of receipts, invoices, bank statements and credit card statements that are collected during the entire span of a year so that we get all the information when necessary.

Accounting or bookkeeping is the main part of a journal.