Table of Contents
How do you start a journal entry?
Start with the present moment (“What’s going on?”) Or start with a feeling (“I’m so mad I could bust!”) Or start with a story (“Today the weirdest thing happened….”) Once you’ve started, don’t go back to edit or rewrite. And don’t think too much. Let it flow. Start writing down some random ideas. Write down anything that comes to mind. Anything can lead to a writing prompt, so just start writing down ideas. Some ideas to help you start generating random ideas include: What’s something funny that’s happened to you in recent memory?
What are the 2 types of journal entry?
1. Simple Journal Entries: Here only 2 accounts are affected, one that is debited and the other that is credited. 2. Compound / Combined Journal Entries: Here more than 2 accounts are affected. The rule of passing a journal entry is that the entry must have at least two accounts, with one debit and credit amount. The debit amounts will always equal the credit amounts. The rule of passing a journal entry is that the entry must have at least two accounts, with one debit and credit amount. The debit amounts will always equal the credit amounts. Many general journals have five columns: Date, Account Title and Description, Posting Reference, Debit, and Credit.