Importance of Journal Entries in Accounting

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Importance of "Journal Entries" in Accounting

Journal Entries are the base of Accounting.  It is the first and foremost step to start Accounting. As per a General proverbs "Pehle Likh Pichhe De,Bhul Pade Kagaj Se le" is indicating the importance of Journal Entries in the accounting.

                       This is the main reason to maintain "Day Book or Rojnamcha". With the help of day Book we can explore any transactions properly for which we want. We can track every transaction with the help of day Book.






     With the help of Day book or Journal we can prepare Ledger which is the base of Trial Balance and Final Accounts (Profit & Loss Account and Balance Sheet.)

       If any transaction is not in day book then that cannot be trace. So we should prepare  our Journal Entries carefully.



       With the help of Journal Entries we can adjust our accounts as per requirement in the preview of Accounting Principals.




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