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what is journal entry. Let me have the detailed with
example. Also the difference between the journal and payment
entry.
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Answer / vidhya
All accounting transactions are recorded through journal
entries that show account names, amounts, and whether those
accounts are recorded in debit or credit side of accounts.
general exp alc dr
cash a/c cr
payment enteries
cash a/c dr
bank a.c cr
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / seema pandey
Journal entry means when ,No cash Dr.or No Cash cr. in the
Journal Books. suppose we purchase a machine for amount Rs.
5000 from Rama & company. then I"ll entered in journal Book
Journal Book
Machine /Fixed Assets Purchase A/c Dr.
party name
payment entry is -
Rama & company A/c dr.
Cash / bank A/c
By being amount paid to rama & company for purchase
machine .)
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / litu
JOURNAL ENTRY IS THE ADJUSTMENT ENTRY WHICH WILL PASSED IN ORDER TO ADJUST THE ACCOUNT.
SUPPOSE SALARY DUE, SO ENTRY WILL BE
SALARY A/C DR
TO SALARY PAYABLE A/C
WHEN SALARY ACTUALLY PAID IN CASH OR CHEQUE IT WILL BE
SALARY PAYABLE DR
TO CASH/BANK A/C
| Is This Answer Correct ? | 0 Yes | 0 No |
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