journal entries

This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
April 11, 2018 at 5:15 am #446086
alikhakar
Participant
- Topics: 186
- Replies: 79
I want to know that whether in practice credit transactions are recorded in journal or not ? because they are already recorded in sales and purchase day book and directly posted in nominal ledger account from books of prime entry. So, are they journalised or not ?
April 11, 2018 at 8:07 am #446114
John Moffat
Keymaster
- Topics: 57
- Replies: 54857
Very few companies use a journal these days. Those that do only use it to record unusual transactions and the year end adjustments.

I explain this in my free lectures on books of prime entry.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘journal entries’ is closed to new replies.