View Recording
System & Device Check
About the Class
In last session of "type of journal entries" we come across different type of accounting entries and how they are recorded. In this session, we learn more, in depth about journal entries. Journal entries are based on business transaction and correct effect of entries bring apparent balance sheet and profit or loss. After basic, cash & bank & combined entries, now we learn about how to journalise and record transaction of discount, purchase of animals, purchase and sales of investment, bad debt and recovery of the same, loss due to fire, expenses incurred on customers etc.
Language of instruction:
Keywords: accounting, journal entries, accountancy, discount, interest, debit, credit