What are the characteristics of a journal entry
Answers:
Usually expression in the first person (using I) and generally deeply personal and honest reflection in addition to more trivial details from the writer's life. A journal entry often serves as an emotional release for the writer, and so would usually include thoughts that the writer needs to express but could not do so otherwise to other people (for example, out of embarrassment or guilt).
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I dont know but someone please help I need to know for a project
debits and credits of all transaction
A double-entry journal is when there is a title or category on one side, and the opposite side of the journal has the responses.
Bad debt a/c ........Dr To Debtor a/c
According to my understanding and my study in accounting, the reversal of journal entry merely is for the opening balances for a new year of accounting period
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