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what is JV?

 
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what is JV?
Saracen
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04-01-2007, 08:13 PM
Journal Voucher (JV) is nothing but a double entry. It contains all the debits and credits and the sum of all these Drs and Crs is nil.
You can make a JV through any accounting software by debiting the accounts and the amounts which you think needs to be debited and viceversa. For example, if you have incurred an expense of Rs. 5,000 on Advertising then JV would be
Advertising expense (account 8190-****) 5,000
Bank (account 1100-****) 5,000
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Messages In This Thread
what is JV? - by fawad80 - 04-01-2007, 03:23 AM
[No subject] - by Saracen - 04-01-2007, 08:13 PM
[No subject] - by zurpk - 04-02-2007, 03:07 PM
[No subject] - by Khawaja - 04-02-2007, 09:45 PM

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