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3 true statements about recording journal entries in Quickbooks
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43 votes
43 votes
3 true statements about recording journal entries in Quickbooks

User Helifreak
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1 Answer

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15 votes

Answer:

Step-by-step explanation:

Journal entries allow you to correct inaccurate information in your accounting records or add transactions that you cannot add in other sections of the software, such as tax adjustments or depreciation expenses.

What are the 3 golden rules?

Golden Rules of Accounting

Debit the receiver, credit the giver.

Debit what comes in, credit what goes out.

Debit all expenses and losses and credit all incomes and gains.

User Yes
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