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.
A legal process that allows a debtor, either a person or a business, to redundant some or all of the debt. The normal process involves selling asset and using the proceeds to pay off creditors in an order and/or in an amount determined by a judge. Some types of bankru
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