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Topic Content:

  • Meaning of General Journal
  • Uses of General Journals
  • Rules for Entering The Transaction

What is a General Journal?

The general journal is a daybook used to record transactions relating to adjustment entries, opening stock, accounting errors etc. It shows the account to be debited and credited in the different ledger books with a short explanation or narration.

The general journal has columns for date, particulars, folio, debit and credit.

 

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