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When we have to pass journal entries?

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Question added by santhosh santhosh
Date Posted: 2015/11/13
Abdul Kareem
by Abdul Kareem , Process Developper , Genpact

business makes a financial transaction, they make a journal entry in their accounting journal in order to record that transaction. The transaction is recorded in the general journal or one of the special journals for the most active accounts. The most common special journals are the Sales Journal, the Purchases Journal, the Cash Receipts Journal, and the Cash Disbursements Journal.

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