English, asked by anjali5656, 1 month ago

what is journal entry

Answers

Answered by manasi3151
2

Answer:

journal entry is the act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit.

Answered by Anonymous
0

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.

Explanation:

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