Brief about Recurring Journals:
Recurring journal are the journals which are repetitive in nature. On
the basis of amount, the recurring journals are classified into three
types. They are
1. Formula Journals
2. Skeleton Journals
3. Standard Journals
2. Skeleton Journals
3. Standard Journals
Formula Journals : A formula will be used to create journal amounts that vary from period to period
Skeleton Journals : Journals that have same accounts but have different posting amounts.
Standard Journals : Journal entries use the same accounts and amounts in each period.
Skeleton Journals : Journals that have same accounts but have different posting amounts.
Standard Journals : Journal entries use the same accounts and amounts in each period.
No comments:
Post a Comment