2007-01-28 21:24:47 · 4 answers · asked by pandu 1 in Business & Finance ➔ Other - Business & Finance
by referring to the science books you can answers the questions of the journals
2007-01-28 21:28:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
According to American GAAP, the accounting entries goes from Journals to Ledgers to Balances sheet and to Income statments to cash flow statements.
Daily transactions are recorded on Journals in debit and credit forms which are later transfered to Ledgers.
Eg. Sale of goods worth 100000
Debit 29/1 101 Revenue 100000
Credit 29/1 100 Cash 100000
Where the second entry is the Ledger number.
Assets, Expenses and uses of funds are all debited.
Liabilities, revenues and sources of funds are all credited.
2007-01-29 03:58:57 · answer #2 · answered by Mathew C 5 · 0⤊ 0⤋
IF YOU ARE REFERRING TO AN ACCOUNTS JOURNAL, THEN YOU POST FROM EACH PAY OUT OR CASH RECVD DOCUMENT OF CHEQUE PAID OUT OR RECEIVED AND CREDIT THE PARTY ACCOUNT OR YOU EITHER CREDIT THE BANK ACCOUNT OR CASH A/C OR DEBIT VICE VERSA, AND EVENTUALLY YOUR JOURNAL WILL BE READY. OR IF A MEDIA JOURNAL, THATS ANOTHER MATTER, I WOULDNT KNOW.
2007-01-28 23:00:34 · answer #3 · answered by raseema 3 · 0⤊ 1⤋
According to the data of day to day recordable transactions by particular personnel.
2007-01-28 22:50:50 · answer #4 · answered by tirupati r 1 · 0⤊ 0⤋