Journal in accounting

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What is the purpose of a journal in accounting?

Dec 1st, 2014

Definition:

A Journal is a record of transactions listed as they occur that shows the specific accounts affected by the transaction. Journals are simply debits and credits in chronological (date) order.

The purpose of journals is to keep a day-to-day record of a business and its transactions. 

Purpose of a Journal:

The purpose of journals is to keep a day-to-day record of a business and its transactions. 


Dec 2nd, 2014

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Dec 1st, 2014
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