in general when is a journal entry required?specifically would an entry be required (please...

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Accounting

in general when is a journal entry required?specifically would an entry be required (please explain why ) whengood are ordered but not yet delivered and no payments have beenmade yet? when goods are received but payment is not due yet ?whengoods are sold and paid for but will be picked up next week?

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Journal entries are the basic to prepare the general ledger subsequently trial balance and than financial statements like income statement balance sheet and cash flow statements Journal entries are mainly required when something is receipt by the business See Answer

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In: Accountingin general when is a journal entry required?specifically would an entry be required (please explain...in general when is a journal entry required?specifically would an entry be required (please explain why ) whengood are ordered but not yet delivered and no payments have beenmade yet? when goods are received but payment is not due yet ?whengoods are sold and paid for but will be picked up next week?