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What is journal entry ?

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What is journal entry ?

Posted by Parneet Kaur 7 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Shubhra ?? Jain 7 years, 11 months ago

Journal entry is an entry to the journal. Journal is a record that keeps accounting transactions in chronological order, i.e. as they occur. Ledger is a record that keeps accounting transactions by accounts. Account is a unit to record and summarize accounting transactions.

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