what do you mean by journalising
Answers
Answer:
Journalizing in accounting is the system by which all business transactions are recorded for your financial records. A business transaction is first recorded in a journal, also called a Book of Original Entry. ... Adding new journal entries is called journalizing.
Answer:
Journalizing in accounting is the system by which all business transactions are recorded for your financial records. A business transaction is first recorded in a journal, also called a Book of Original Entry. ... Adding new journal entries is called journalizing.
Journalizing is the process of recording a business transaction in the accounting records. ... Examine each business transaction to determine the nature of the transaction. For example, the receipt of a supplier invoice means that an obligation has been incurred.