Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


what is journal entry ? please describe in detail.

Answers were Sorted based on User's Feedback



what is journal entry ? please describe in detail...

Answer / jashi

Journal entry is the posting of business transactions in the accounting books. A journal entry will have same amount of debit and credit.

when sales occured in a company, entry will be,

Cash A/c Dr

To sales A/c Cr

Is This Answer Correct ?    21 Yes 5 No

what is journal entry ? please describe in detail...

Answer / ratisankar

NOW A DAYS THREE TYPES OF ENTRIES ARE FOLLOWED IN CORPORATE SECTOR JOURNAL,RECEIPT,PAYMENT BECAUSE THEY FOLLOWED ACCRUAL BASIS OF ACCOUNTING JOURNAL IS NOTHING BUT THE DUE ENTRY WHERE
CASH AND BAND DOES NOT AFFECT SO FOR SALES TO RAM FOR 10000
RAM A/C-----DR
TO SALES (DUE ENTRY)THIS IS JOURNAL
WHEN MONEY IS RECEIVED THEN RECEIPT ENTRY WILL PASS
cASH/BANK A/C------DR
TO RAM

Is This Answer Correct ?    3 Yes 3 No

what is journal entry ? please describe in detail...

Answer / mahes

ANY TRANSACTIONS MADE WE ARE ANALYSIS TRANSACTION TYPE CASH
OR CREDIT, RECEIVED / PAID FIND THE CORRECT PLACE PUT THE VALUE.

Is This Answer Correct ?    0 Yes 4 No

what is journal entry ? please describe in detail...

Answer / gaurav bhardwaj

Journal entry is use of fund transfer.

Is This Answer Correct ?    0 Yes 5 No

Post New Answer



More Accounting General Interview Questions

how to assign the cost center to GL Account in SAP (FICO)

0 Answers   EXL,


what is tax deducted at source

0 Answers   Construction,


In Which Group "goodwill Written off account " will come?

2 Answers  


how intangible assets are entered in B/s. plz send me the answer of this question in my e-mailid-prabhatsingh873@gmail.com

0 Answers   State Bank Of India SBI,


How to void a payment

0 Answers   Accenture,






defference between capital assets and fixed assets

3 Answers  


What is Balance sheet in Tally?

1 Answers  


sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.

0 Answers  


Do you know what is liabilities and what all does include in current liabilities?

0 Answers  


What is the bank reconciliation and simple explanation of BRS.

10 Answers   CIO Review,


we given tour advance to party how to treat entry and which head have to given expenditure

4 Answers  


what is factory account. Descibe in details

1 Answers  






Categories