The journal is a book of prime or original entry in which all financial transactions of a business are systematically recorded according to their dates of occurrence and is maintained with a view to help to prepare the subsequent book of record known as the ledger. This note has information about the journal.
The system record of a transaction in the journal book is called journal entry, the process of passing journal entry is called journalism. The rules are also known as rules of debit and credit. This note has information about the rules of journalizing.
Journal entries are the systematic order record of the financial transaction in the journal. Journal entries consist of the name of debit and credit involved in the financial transaction with a brief narration. It is the basis of making ledger. This note has information about posting the transactions in the journal.