what are important components for making journal entry
Answers
Answered by
1
A journal entry requires the following elements:
1. A header which includes the date of the entry
2. A reference number or a journal entry number that can be used to index and retrieve the journal when required
3. The account number and name.
4. These are recorded in the first column into which the entry is recorded
5. The debit amount is entered in the second column
6. The credit amount is entered in the third column
1. A header which includes the date of the entry
2. A reference number or a journal entry number that can be used to index and retrieve the journal when required
3. The account number and name.
4. These are recorded in the first column into which the entry is recorded
5. The debit amount is entered in the second column
6. The credit amount is entered in the third column
Similar questions