 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Such questions can be answered by reading a text on accounting fundamentals or basic bookkeeping. A general journal is a an account book ruled in four columns; date, narration/account names, debit, credit with additional colunms added for account number, references, check and other data as required. You first have to understand that the debit column is the one closest to the door when seated facing north.
http://www.dummies.com/how-to/conten...ng-basics.html http://www.dummies.com/how-to/conten...okkeeping.html |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
One Year Future Value: What is the future value of $500 deposited for one year earning a 9% interest rate annually?
It was given in an earlier transaction that received cash from jay and discount allowed.
Hi I need to know How I can post reversing etry in to the general ledger ? For example if I have The business last paid a water bill in May, which was for 3 months of water expense up to the end of April. The additional accrual entry for water expense for the last two months is $2,290. And I...
Dear Sir, I have a question regarding the general recording of checks in the general ledger. What are some rules of thumb when dealing with deposited checks?. Are they debited or credited. I'm sorry the question is rather v ague but if you can answer by way of some examples I'd appreciate it. ...
Does the number of entries in the general journal equal the number of entries in the general ledger. Why?
View more questions Search
|
