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TRIPLE ENTRY JOURNALS What is it? A Triple Entry Journal is a three column response chart that is designed to assist readers in recording ideas, reflections and conclusions as they engage in evidence

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What is triple entry journals?

Triple entry journals are a form of accounting system that records each financial transaction with a debit and credit entry, along with a verifying third entry.

Who is required to file triple entry journals?

Any business or individual that wants to maintain a transparent and tamper-proof record of their financial transactions may choose to use triple entry journals.

How to fill out triple entry journals?

To fill out triple entry journals, one must record each financial transaction with a debit entry, a credit entry, and a verifying third entry generated by a blockchain or similar technology.

What is the purpose of triple entry journals?

The purpose of triple entry journals is to provide a more secure and transparent record of financial transactions by adding a verifying third entry to each transaction.

What information must be reported on triple entry journals?

Triple entry journals must include details of each financial transaction, such as the date, amount, nature of the transaction, and the parties involved.

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