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    Bookkeeping Nciii: Journalizing Transaction

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    Jeremy Ortega
    This document discusses the process of journalizing transactions in bookkeeping. It explains that a journal entry records any transaction in the journal. It introduces T-accounts and the debit and credit sides of accounts. Transactions are first recorded in the general journal using double-entry bookkeeping before being posted to the appropriate accounts. Finally, it lists the steps in a journal entry and references a video on transferring entries between accounts.

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    Bookkeeping Nciii: Journalizing Transaction

    Uploaded by

    Jeremy Ortega
    12 views5 pages
    This document discusses the process of journalizing transactions in bookkeeping. It explains that a journal entry records any transaction in the journal. It introduces T-accounts and the debit and credit sides of accounts. Transactions are first recorded in the general journal using double-entry bookkeeping before being posted to the appropriate accounts. Finally, it lists the steps in a journal entry and references a video on transferring entries between accounts.

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    DAY 2 DEMO.pptx

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    This document discusses the process of journalizing transactions in bookkeeping. It explains that a journal entry records any transaction in the journal. It introduces T-accounts and the debit and credit sides of accounts. Transactions are first recorded in the general journal using double-entry bookkeeping before being posted to the appropriate accounts. Finally, it lists the steps in a journal entry and references a video on transferring entries between accounts.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    12 views5 pages

    Bookkeeping Nciii: Journalizing Transaction

    Uploaded by

    Jeremy Ortega
    This document discusses the process of journalizing transactions in bookkeeping. It explains that a journal entry records any transaction in the journal. It introduces T-accounts and the debit and credit sides of accounts. Transactions are first recorded in the general journal using double-entry bookkeeping before being posted to the appropriate accounts. Finally, it lists the steps in a journal entry and references a video on transferring entries between accounts.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 5

    BOOKKEEPING

    NCIII
    JOURNALIZING TRANSACTION
    Prepare Journal Entry

    is any transaction that is


    recorded in the journal. The
    process of recording the
    transactions in t he journal is
    termed as the entries.
    1
    Concept of T- Accounts
    TITLE OF ACCOUNTS
    a. (DEBIT) (CREDIT)

    b. But rather than entering transactions into the T-accounts


    immediately, we use the General Journal

    In General Journal, we use double entry system or the debit-


    c. credit entry
    Debit means the left side of an Credit means the right side of
    account or to enter an amount an account or to enter an
    on the left side amount on the right side
    2
    3
    STEPS IN JOURNAL ENTRY

    4
    Video presentation on transferring entries

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