What is general journal ?
1- Received cash for service preformed on account, $500.
2- Borrowed 40000 from Union bank for business. The loan must be repaid in 2 year and is charged 4% interest.
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What is general journal ?
1- Received cash for service preformed on account, $500.
2- Borrowed 40000 from Union bank for business. The loan must be repaid in 2 year and is charged 4% interest.
A general journal is a journal you use to record your transaction.
1. Your accounts will be Cash and Accounts Receivable
2. Your accounts will be Cash and Notes Payable
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