- This topic has 1 reply, 2 voices, and was last updated 9 months ago by Stephen Widberg.
- You must be logged in to reply to this topic.
sir if we have to write the journal entry and explain it too(in terms of why a certain account increases/decreases) then there is no point in wasting time writing the journal entry, right?
what would you suggest sir? Journal entries+explain increase/decrease? or directly explain increase/decrease?
You should only write a journal entry if you are asked for the ADJUSTMENT.
Usually you need to explain instead of writing journals.
If you are unsure of DR CR you can write UP/DOWN if asked for adjustment