Account

For account 

Chapter journal entry

In class 11 account general entry refers to the fundamental method of recording financial transaction in accounting book this entry systematically document business activity by diverting and crediting relieved accounts to reflect change in acids diability income and expense eently would be double entry system insurance at the accounting equation assets is equal to liability + equity remain balance understanding general entry concept is the crazy as it the foundation for preparing financial statement and the valencies transaction identifying accounts affected and applying appropriate debating and crediting rules this knowledge help in accurately recording transaction maintaining financial acting and facility season making process for business by mastering general entry student develop critical analytic skills and structure approach to financial recording which are initial for person accounting finance and business management this Foundation understanding prepare them to interpreted financial data and contribution effectively to recognisation success in account