Journal entries should be recorded with the help of transaction book or book-keeping.
The important steps for recording journal entries are :
• Decide the nature of transactions from business point of view.
Example : Cash or credit transaction.
• Find out the two aspect or sides of transactions which a/c should be debited and which a/c (one) should be credited.
• Identity the type or class of A/c classify them into real, personal is nominal a/c.
• Determine how there a/c are affected what come is and what goes out. or who recived benefit or give benefit or Expenses and income. .
• Apply the concerned rule or write the journal entries.
