Business, Legal & Accounting Glossary
Journalising is the act of recording the debit and credit aspects of a business transaction in a journal, alongside an explanation of the transaction (known as Narration).
The entering of financial data (usually taken from a journal voucher), pertaining to a specific transaction, in a journal under a double-entry bookkeeping system. It involves the recording of five aspects of a transaction:
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This glossary post was last updated: 15th January, 2020 | 0 Views.