what is journal entries
Answers were Sorted based on User's Feedback
Answer / u.uma bharathy
journal entries means what transaction has been made in
particular time.ex..ramu purchase the car at rs.5,00,000
the entry is
car a/c Dr
TO cash a/c... (being the car purchased at the
rs5,00,000)
Is This Answer Correct ? | 15 Yes | 5 No |
Answer / shivendra dutt
journal entries is the primary book of acconting after this
we make ledger, trial balance, etc.
Is This Answer Correct ? | 5 Yes | 2 No |
Answer / k. phalguna rao
as per the accounting concepts jurnal entry is primary base
element of accounting
what ever the the transaction has been made like (Personal
a/c, Real a/c & Nominal a/c) we have to pass the a jural
entry
first we have to debit one account, with the same amount we
have to credit the other account is called journal entry
Exp1: Cash received from Ramu for Rs. 500/-
Cash A/c Dr 500/- (Real account)
To Ramu A/c 500/- (Personal account)
Exp: Interest paid to Ravi of Rs. 1000
Interest Paid Ac Dr. 1000/- (Nominal account)
To Cash 1000/- (Real Account)
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / girish narayan sah
Journal entry is nothing but recording a transaction in
primary book called journal book.
example:- goods purchase
Purchase A/C Dr
To cash/ party name(creditor)
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / sangeetha g
Journal entries : Its is records of Day to Day activities.
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / pravin vats
journal entry means, any transaction except cash.
Ex- Goods purchased from beauty art prints
the entry will be
Purchase a/c Dr.
To Beauty Art Prints
Is This Answer Correct ? | 5 Yes | 4 No |
Answer / rakesh jangid
journal enteries is a busseness book is there we have record busseness rel. Trazatsion and activities
Is This Answer Correct ? | 1 Yes | 1 No |
what is the meaning of receivables and payable?
Closing entries of P&L account
What is dd and a in oil and gas accounting?
What is the importance of accounting standards?
What is the Difference Between Income Tax and TDS ?
Upto what extent we can keep cash in hand on year end (31 march)
whah is price earning formula?
What is the due date of Filing PF return? Is it being filed half yearly or annually?
What is the difference between Retained earning and Net Profit?
what is the journal entry for : cheque received from Mr A and sent for collection.
Explain what is balance sheet?
What is the difference between perpetual & periodic inventory system?