Accountancy, asked by AnshulAgrawal1, 1 year ago

What is the meaning of journal entry?

Bank @/c.....................Dr
To Bank loan @/c

Answers

Answered by sent1

A journal entry, in accounting, is a logging of transaction into accounting journal items. The journal entry can consist of several recordings, each of which is either a debit or a credit. The total of the debits must equal the total of the credits or the journal entry is said to be "unbalanced".

AnshulAgrawal1: meaning of. bank ac.....dr. to bank loan ac

sent1: it means the loan is taken by the bank and a cheque is deposited in bank against that loan.

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