what is journel entry
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Answer / sumitra.raghavan
when any monetary transaction takes place...at first there are
recorded in journal
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Answer / priyanka
Journal entries provide foundational information for all other financial reports and are used by auditors to analyze how financial transactions impact a business.
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Create Good Will of Rs 125000 and apportioned between the existing partners A,B and C as per their sharing ratios 25%,35% and the remaing %. Pass journal entry
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Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me to give Journal Entry for the Entry for the Month of Jan, Feb and March
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