Question

What Is Journalizing? What Are The Columns Of A Journal?

Answer 1

Answer:

Explanation: journalizing means recording all the business  transaction taking place in one accounting year.

It has  5 columns - date, particulars, LF, Debit and credit

Answer 2

Journalizing in accounting is the system by which all business transactions are recorded for your financial records. A business transaction is first recorded in a journal, also called a Book of Original Entry. Adding new journal entries is called journalizing.

Many general journals have five columns: Date, Account Title and Description, Posting Reference, Debit, and Credit. To record a journal entry, begin by entering the date of the transaction in the journal's date column.

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