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Query

Accountancy

We don't have journal entries in dept accounts in our syllabus or in real life itself ????


Reetikaa R

Reetikaa R

CA Inter

7K+

12-Dec-20 22:15

281

Answers (3)

In real life, few transactions need journal entries. Rest will be handled by day books or automatic entries.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

13-Dec-20 05:17

What is automatic entries


Thread Starter

Reetikaa R

Reetikaa R

CA Inter

7K+

14-Dec-20 19:04

Thread Starter

Reetikaa R

What is automatic entries

When you visit a store, the person at counter scans a bar code and generates invoice. If the invoice system is linked to accounting system, the entry for sale and updation of inventory happens automatically.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

15-Dec-20 05:05

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