Answer Posted / sarada
A Journal is a book in which business transactions are
entered in chronological order, or the order in which they
occur. a reord of a single transaction is called a journal
entry. Every Journal Entry is supported by a voucher,
evidencing the related transaction.
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
say something about your school
Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?
Explain what is bad debt expense?
Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?
WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL CADRE HELD IN APRIL-MAY 2010?
how to treat investment fluctuation fund in case of death of a partner
how to prepare for accontant examinations
Explain financial accounting. What are its characteristic features?
Tell me about an invoice discrepancy you discovered and how you resolved it
I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.
Is there a difference between accounting for conversion of bonds and accounting for the conversion of preferred stock?
what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?
correction of sundry creotors
Scope and nature of Accounting
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?