Journal Entry -
Purchase A/C dr 70,000
Office Equipment A/C dr 50,000
To Cash A/C 120000
(Being office equipment purchased on cash and credit)
What is in a journal entry?
Each journal access incorporates the statistics extensive to a unmarried commercial enterprise transaction, along with the date, the quantity to be credited and debited, a short description of the transaction and the money owed affected. depending at the business enterprise, it could list affected subsidiaries, tax info and other records.
Journal writing is the method of recording personal insights, reflections and questions about assigned or personal topics. journal tasks assigned in magnificence may additionally include your mind about day by day reports, analyzing assignments, current activities or technological know-how experiments.
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SPJ9
