Accountancy, asked by Anonymous, 2 months ago

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define accounting entries? ​

Answers

Answered by llEmberMoonblissll
17

Explanation:

An accounting entry is a formal record that documents a transaction . In most cases , an accounting entry is made using the double entry bookkeeping system, which requires one to make both a debit and credit entry , and which eventually leads to the creation of a complete set of financial statement .

Answered by SadPrincess
2

Answer:

A journal entry is the act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit.

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