Tiêu đề MEFA_Module 5_INTRODUCTION OF ACCOUNTING.pdf ✅

MODULE -5 CONTENT Elementary Preparation of Books of Accounts:  Journals  ledgers and trial balance  Final Accounts a) Trading Account b) Profit & Loss Account without adjustments c) Balance Sheet
JOURNAL ENTRY A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger. Journal is a book containing a record of each day’s transactions. The journal is a primary book where transactions are recorded in chronological order.