Accountancy, asked by johnphilip65, 6 hours ago

WHAT IS JOURNAL ENTRY ?​

Answers

Answered by poojadb2020
4

Explanation:

A journal entry records a business transaction and is the first step of the accounting cycle. Journal entries should be made for every business transaction and are posted to the general ledger.

the seven important types of journal entries used in accounting, i.e., (i) Simple Entry, (ii) Compound Entry, (iii) Opening Entry, (iv) Transfer Entries, (v) Closing Entries, (vi) Adjustment Entries, and (vii) Rectifying Entries.

Answered by jayantipatil53
16

Answer:

A journey entry is the act of keeping or making records of any transaction either economic or non- economic.

this is a answer I am not sure this is a correct ya incorrect answers I am not sure ok I

Similar questions