JOURNALS
Journal is French word meaning "Daily Record". It is used to record transactions at first before the businessman forget the exact details to post into respective ledger.
Journal sometimes maybe called Books of prime entry or subsidiary books or books of original entry where entries are made prior to their posting to the respective ledger.
TYPES OF JOURNAL
Types of books of prime entry are as follows;
(i) Purchases journal/Day book.
(ii) Purchases return journal.
(iii) Sales Journal.
(iv) Sales return journal.
(v) Cash Book.
(vi) Journal proper.
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