Accounting

Discuss and Analysis on Journal Entries

Discuss and Analysis on Journal Entries

This article focus to Discuss and Analysis on Journal Entries. Tracking business activity with T accounts will be cumbersome because most businesses have a large number of transactions each day. After making determination, an accountant enters the particular transactions in chronological order in a journal, a process known as journalizing the transactions. Although some companies use specialized journals for several transactions, all businesses work with a general journal.