Query

Accountancy

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

Reetikaa R

CA Final

★ 7K+

12-Dec-20 22:15

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Answers (3)

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

CA Suraj Lakhotia

Admin

13-Dec-20 05:17

What is automatic entries

Thread Starter

Reetikaa R

CA Final

★ 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

Admin

15-Dec-20 05:05

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