Some of the advantages in using Journals are as follows:
transactions which occur infrequently and adjustments necessary at the close of an accounting period require evidence as a basis of recording. Journal vouchers are used to support such transactions and by being signed by responsible officials, they constitute entries for the General Journal. It is therefore [...]
Explained below is another special journal or subsidiary book which is called the Sales Journal , the details being explained below:-
We have Sales Journal, now let’s look at another subsidiary book or special journal called the Purchase Journal:-
Let’s look at another special journal which is the Cash Payment Journal:
Let’s look at another Journal which relates to cash which is the Cash Receipt Journal.
In earlier article of Part1, we learned about the journal and its importance.
This Part 2 show us the technique of journalizing. When we do journalizing, there are normally two scenarios which might involve single entry or compound journal entry
Append below the illustration:
Continue reading about The Technique Of Journalizing(Part2of2)
This article is to explain what is a Journal and its purpose.
Continue reading about Journal And The Purpose Of Having Journal(Part1of2)
Recent Comments