Preparation of journal entries
Amit Kumar (1 Points)
24 September 2022
how to prepare journal entries ?
Amit Kumar (1 Points)
24 September 2022
Yasaswi Gomes
(562 Points)
Replied 24 September 2022
Based on the three golden rules.
Income statment has all nominal accounts
Balance sheet has all real and personal accounts.
In the books of original entry, all transaction are recorded in a line but the amounts are posted to debit or credit.
From there these transactions are transferred to individual ledgers. The above one is called a jgeneral journal and this one comes into general ledgering.
Eswar Reddy S
(CFO- at NHTF)
(32690 Points)
Replied 24 September 2022
sabyasachi mukherjee
(14011 Points)
Replied 25 September 2022
Eswar Reddy S
(CFO- at NHTF)
(32690 Points)
Replied 25 September 2022
Yasaswi Gomes
(562 Points)
Replied 25 September 2022
That is what I meant. Followed a counting cycle/process
Tally Prime Course
GST Litigation Course
GST Practitioner Certificate Course 32nd Batch
Member Strength 37,18,535 and growing..
CAclubindia
