2. The process of recording transactions in the journal.
3.Exchange between two persons.
Q.3. Give the accounting equation for the following transactions.
1. Moniksha commenced business with cash Rs.45,000.
2.Paid Interest Rs. 5000.
3.Purchase goods from Navya Rs. 10,000.
4.Sold computer Rs.30,000 for cash.
5. Received rent from Moksha Rs.15,000.
Answer:
2.The process of recording the transactions in a journal is called as journalizing.
Step-by-step explanation:
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