The National Directory of Certified Public Accountants

Ask A CPA - Bookkeeping & Write-up

What Information Should Be Recorded When Entering A Transaction Into A Journal ?

The process of recording a transaction into a journal is termed journalizing. In a two column journal, it should include the date, the debit (including the title of the account and the amount), the credit (including the title of the account and the amount), followed by an brief explanation for the not obvious entries. Note that the amount of the debit and credit entries must always be equal. Also, it is recommended that the title of the entries should be the same as the accounts used in the journal.

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