Back to Course

JSS1: BUSINESS STUDIES - 3RD TERM

0% Complete
0/0 Steps



  • Follow us

Lesson Progress
0% Complete

A journal is a book of original entry which is used to record daily credit business transactions before transfer into a ledger.

Journal can also be defined as a book of prime entry which records business transactions on a daily basis into debit and credit before posting into a ledger.

Only daily credit business transactions are recorded in the journal.  The recording of transactions in the journal is not a double-entry system.

Journal can also be called the following:

1. Book of prime entry.
2. Book of original entry.
3. Subsidiary book.
4. Book of first entry.
5. A daybook.

Responses

Your email address will not be published. Required fields are marked *