Question

what is journal entries how it apply​

Answer 1

Explanation:

Journal entries are how transactions get recorded in your company's books on a daily basis. Every transaction that gets entered into your general ledger starts with a journal entry that includes the date of the transaction, amount, affected accounts, and description.

Journal entries are the foundation for all other financial reports. They provide important information that are used by auditors to analyze how financial transactions impact a business. The journalized entries are then posted to the general ledger.

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Answer 2

Answer:

Journal entries are how transactions get recorded in your company's books on a daily basis. Every transaction that gets entered into your general ledger starts with a journal entry that includes the date of the transaction, amount, affected accounts, and description.