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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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