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.
It is, normally, not possible to fully remove both the translation exposure and transaction exposure. In some cases, eradication of one exposure will also eliminate the other. However in other cases, removal of one exposure really creates the other.
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