Journal entries

Double-entry bookkeeping, in accounting, is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account. This lesson will cover how to create journal entries from business transactions.  Journal entries are the way we capture the activity of our business. When a business transaction…

Journal entry

Business organization do lot of transactions on daily basis, both cash basis and non cash basis. It is very important to record all cash and cash related transactions are accounted for, so that the stakeholders will be able to understand, where the company is heading to. The first place where the transactions are recorded is…