How to guide journalizing
What is journalizing in accounting? Journalizing is the practice of documenting a business transaction in accounting records. Record-keeping, especially for accountants, is a detail-oriented skill that requires commitment. Every business transaction is recorded in a journal, also known as a Book of Original Entry, in chronological order. It is a process initiated each time a transaction occurs. This are the elements of accounting equation We are now to guide transaction 1. Ms Naval invested cash of 40,000 in her business 2.Ms Naval withdrawal for 50,000 cash 3.Ms Naval purchased ball pens cost of 70,000 4.Ms Naval hired one manager to salary of payment worth 60,000 5.Ms Naval invested Liptints cash of 30,000