The process of recording transactions in journal is called?


Question: The process of recording transactions in journal is called?                                                          

The process of recording transactions in journal is called journalising. Once the journalising process is completed, the journal entry provides a complete and useful description of the event’s effect on the organisation. The journal entry is the basic record of a business transaction. It may be simple or compound. When only two accounts are involved to record a transaction, it is called a simple journal entry

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