Question

What are the features of Journal entry?​

Answer 1

Answer:

The journal entries are to be recorded in a date-wise sequence or order in which the transactions happen. Double Entry System: It is a dual entry system where every transaction is equally entered on both debit and credit sides.

Answer 2

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Features of Journal Entries

Chronological: The journal entries are to be recorded in a date-wise sequence or order in which the transactions happen.

Double Entry System: It is a dual entry system where every transaction is equally entered on both debit and credit sides.

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