Discriptive knowledge of receivable management

May 28th, 2015
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An accounting record where all business transactions are originally entered. A journal details which transactions occurred and what accounts were affected. Journal entries are usually recorded in chronological order, and using the double-entry method of bookkeeping.

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DefinitionAn accounting record where all business transactions are originally entered. A journal details which transactions occurred and what accounts were affected. Journal entries are usually recorded in chronological order, and using the double-entry method of bookkeeping.Definition:JournalShort Definition: A journal details all the financial transactions of a business and which accounts these transactions affect.All business transaction are initially recorded in a journal using the double-entry method or single-entry method of bookkeeping.Typically, journal entries are entered in chronological order and debits are entered before credits.Longer Explanation of an Accounting JournalIn accounting, a "journal" refers to a financial record kept in the form of a book, spreadsheet, or accounting software that contains all the recorded financial transaction information about a

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