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what is the jurnet entry ? why
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Answer / manojs
it's nothing but transactions of day to day activities of
business.
| Is This Answer Correct ? | 4 Yes | 2 No |
Journal Entry means recording of Transactions which will
effect the Books.
Journals entries can be passed only for non-cash items.
Bank Entries should not passed through JEs(Of course, in
ERP environment, it is possible)
This used to rectify the errors happened in one account to
other,
Closing Entries will be passed through JEs
Journal Entries are the one which will also be the deciding
factor for Profit Loss Account.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / anil
1 The entry that all voucher as sale,purchase cash & bank
reverse entery ( then entry worng )
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / sanju
The entry that is coverd under all voucher as sale purchase contra.
| Is This Answer Correct ? | 3 Yes | 5 No |
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1 Answers ICAI, NTTF Nettur Technical Training Foundation, Wipro,
Audit 
