Question

WHAT IS JOURNAL ENTRY ?​

Answer 1

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.

Answer 2

Answer:

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

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