JOURNAL PREPARATION
CONTENT- Definition of Journal
- Types of Journals
Definition of Journal
The journal is another book of original entry where the details of transactions other than normal cash transactions are first recorded. Apart from being a book of original entry, it also records the transfer of items between accounts and it facilitates the correction of errors that may occur during the process of book-keeping. A typical journal form will look like this:You are viewing an excerpt of this lesson. Subscribing to the subject will give you access to the following:
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