What do you mean by the term Entry
What do you mean by the term Entry in Accountancy?
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Entry means you are permitted to come in the specific place. Similar meanings in accounting, we state, “Please pass the entry of this transaction." It signifies that please permit this transaction to enter in the books of company.
Therefore entry means to record the transaction in journal by debiting one account and crediting another account.
To transfer amounts from retained earnings to contributed capital through stock dividends. The effect is to decrease retained earning and increase the stock account. Stock dividends also permanently retain the earnings in the corporation by moving it out of the retain
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