what is journal entry and their functions with their names....
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A journal entry records a business transaction in the accounting system for an organization. Journal entries form the building blocks of the double-entry accounting method that has been used for centuries to keep financial records. They make it possible to to track what a business has used its resources for, and where those resources came from.
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A journal entry records a business transaction in the accounting system for an organization. ... A journal entry has these components: The date of the transaction. The names of the accounts impacted plus the account number, where relevant. The amounts to be credited and debited.
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