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The recurring journal entry is booked in every coming accounting period.such as Rental payments,depreciation charges,loan repayments.Such entries do last.
A recurring journal entry is a journal entry that is recorded in every accounting period. For example, a company issuing monthly financial statements might record depriciation by debiting depriciation expence for $3, and crediting accumulated depriciation for $3, each and every month. If the accounts and the amounts are identical each month, the recurring journal entry might be referred to as a memorized entry if the accounting software produces and records the entry. Some accountants refer to this type of recurring journal entry as a standard journal entry.
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