Accounting
Journal Entry
Definition
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What is Journal Entry?
Journal Entry is a manual accounting entry used to record transactions that don't fit standard voucher types like sales or purchase. It follows the double-entry bookkeeping principle where total debits must equal total credits. Journal entries are used for adjustments, accruals, depreciation, closing entries, and correction of errors. In Tally, journal vouchers (F7) allow flexible recording of complex transactions.
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