What Is a Journal Entry in Accounting?

Purpose of a Journal Entry?

•Every business transaction must be properly and accurately recorded, either physically or digitally, in a journal entry.

•The journal entry will also specify which accounts a transaction affects if that information is known.

SNCatering for XYZ Corp.DebitCredit
1CASH
2SALE
3STATE TAX
4
What Is a Journal Entry in Accounting?
What Is a Journal Entry in Accounting?

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