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.