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.
The XYZ Group, a supplier of pharmaceutical equipment, systems and services, has its head office in London and primary production facilities in the US. The company also has a successful subsidiary in South Africa, which was established in 1990. XYZ South Africa does n
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