When entering a transaction into a general journal, the entry would be dated; then the accounts_________ would be listed first;

Question

2 years ago

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When entering a transaction into a general journal, the entry would be dated; then the accounts_________ would be listed first;

then the accounts___________ would be listed next; and finally, a(n) would be included to show the details of the transaction.

Business

1 answer:

Diano4ka-milaya [45] · Answer 1 · 2022-08-31T10:38:06+03:00

Answer: The accounts DEBITS are listed first then the accounts CREDITS would be listed next.

Explanation: In preparing a journal entry, the journal entry date is first stated. This is followed by all accounts DEBITS and the accounts CREDITS are listed next.

The sum of the debits on the journal entry must equate the total sum of the credits. This will help to balance the trial balance.