Accountancy, asked by Anonymous, 8 months ago

what do u mean by journal entry?

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Answered by HiFiRanjha

1

Answer___

A journal entry is a record of the business transactions in the accounting books of a business. A properly documented journal entry consists of the correct date, amounts to be debited and credited, description of the transaction and a unique reference number. A journal entry is the first step in the accounting cycle

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