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  • Debit and Credit

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    meena malik
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    Accounting involves recording business transactions in journals and then posting them to ledger accounts. Journal entries record the debit and credit amounts for each transaction. Ledger accounts are used to track increases and decreases for specific accounts like assets, liabilities, equity, income and expenses over time.

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    Accounting involves recording business transactions in journals and then posting them to ledger accounts. Journal entries record the debit and credit amounts for each transaction. Ledger accounts are used to track increases and decreases for specific accounts like assets, liabilities, equity, income and expenses over time.

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    5 views1 page

    Debit and Credit

    Uploaded by

    meena malik
    Accounting involves recording business transactions in journals and then posting them to ledger accounts. Journal entries record the debit and credit amounts for each transaction. Ledger accounts are used to track increases and decreases for specific accounts like assets, liabilities, equity, income and expenses over time.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    ACCOUNTING

    WORKSHEET – JOURNAL ENTRIES AND LEDGER ACCOUNT

    QUESTION 1

    QUESTION 2

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