4 ms·
And what if there are no columns? Google "journal entries for X" and you're going to find something like this: Dr accountX £100 Cr accountY £90 Cr accoun
by fauigerzigerk 3y ago
And what if there are no columns? Google "journal entries for X" and you're going to find something like this:
Dr accountX £100
Cr accountY £90
Cr accountZ £10
Left and right was fine when T accounts were universally used to record entries, but that's no longer the case.
- eviks 3y agoI did, opened one random top result https://www.deskera.com/blog/journal-entries/ https://www.deskera.com/blog/journal-entries/ And got left/right as explanation and also as left and right columns
- freedomben 3y agoYeah, GP really undermined their point with the whole "google x" and see. For most people who aren't accountants though, the spreadsheet thing is correct.
- fauigerzigerk 3y agoClearly I overstated my case. I'm not denying that columns are often used, especially in educational material. It's just no longer as universal as it once was. https://www.accountingweb.co.uk/any-answers/vat-double-entry https://www.accountingweb.co.uk/any-answers/vat-double-entry