What is a journal entry example?

An example of a journal entry is the purchase of machinery in a country where the machinery account will be debited and the cash account will be credited.

Is the brief description given at the end of a journal entry?

The brief description given at the end of a journal entry is the closing entry.

What are the 5 components of a journal entry?

There are five columns in general journals: Date, Account Title and Description, Posting Reference, Debit and Credit.

What are the 4 components of a journal entry?

| api error | The amount credited and the title of the account.

How do you write a journal entry?

Go to the row you want to copy. A description is required for the journal.

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