what is journal
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Answer / shrikant deshpande
A journal is a book in which business Transaction are
entered in chronological order. A record of a single
business Transaction is called a Journal.
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Answer / ahetesham
The books of an original entry is called journal.
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Answer / pradeep
journal means chronologicalrecor of transaction......
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Answer / naveen kumar.karumuri
Journal is a book of record.it records the all business transactions are posted.called as Journal
regards
Naveen Kumar.Karumuri
Executive
Accounts
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Answer / tapan roy
Some times we cannot assess what entry will be done or we
can passed entry expenses debit,party credit so we can
assess what expenditure happened there.Journal entry where
no cash or Bank transaction
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Answer / sridharsdn@gmail.com
It is a non cash and non credit transactions, such as
transfers, opening or closing balances.
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The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
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Audit 
