Double Journal Entries - amazonia.fiocruz.br

Double Journal Entries - final, sorry

A journal entry is the act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit. The total of the debits must equal the total of the credits, or the journal entry is considered unbalanced. Journal entries can record unique items or recurring items such as depreciation or bond amortization. In accounting software , journal entries are usually entered using a separate module from accounts payable , which typically has its own subledger , that indirectly affects the general ledger.

Double Journal Entries - sorry

. Double Journal Entries.

Double Journal Entries Video

Double entry accounting explained

Libby Campbell. Answers 1.

Jaron Cross 11 October, 0. Each transaction in the double-entry system must be recorded in at least two different accounts and the double entry does not refer to beginning and end of the month. Know the Answer? Not Sure About the Answer? Try a smart search to find answers to similar questions.

Related Questions. A debit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable subsidiary ledger. What's the accounting recording process for transactions? Group of answer choices 1.

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Transfer journal information to ledger accounts, enter transaction in a journal, analyze 2. The usual sequence of steps in the recording process is to a. The double-entry system requires that each transaction must be recorded a. The subsidiary ledger that includes customer Journla activity is called the a. New Questions in Business.

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