A composite journal entry is an entry that records more than one business transaction in a single journal entry. The bill received is not recorded in the diary, but rather it is recorded in the diary when the bill is actually paid or when public services are used. There is no diary entry to forecast sales, but actual sales are recorded when they occur. To record the entry in the journal, it is mandatory that the business transaction has already been made; otherwise, no entry can be made in the journal before the commercial transaction takes place.
More Posts
How do you journal if you can't write?
This is a great way to keep a journal if you hate writing. I always assure clients that it's okay to do it “meta” and write about how they hate writing in their journal and I curse myself for encouraging them to keep the diary from the start.
What do you write in a journal entry?
Start your journal entry by briefly summarizing the events of the day or describing a key moment that caught your attention. Here you'll find a variety of ideas, tips and resources to stimulate your creativity and keep your journal writing fresh and engaging.
12 Types of Journaling: How to Choose the Right One for You
Journaling is a great way to express yourself and document your life. But with so many different types of journaling, it can be hard to know which one is right for you. From bullet journaling to gratitude journals, there are many different ways to keep a diary.
What Type of Journals are Most Popular?
Writing a diary is an excellent way to express yourself and stay organized. Whether it's a bullet journal or devotional journal, there are plenty of options available. Read on for 12 great people's selection of the best journals.