JOURNAL PREPARATION
Definition of Journal
The journal is another book of original entry where the details of transactions other than normal cash transactions are first recorded. Apart from being a book of original entry, it also records the transfer of items between accounts and it facilitates the correction of errors that may occur during the process of book-keeping.
A typical journal form will look like this:
You are viewing an excerpt of this lesson. Subscribing to the subject will give you access to the following:
- The complete lesson note and evaluation questions for this topic
- The complete lessons for the subject and class (First Term, Second Term & Third Term)
- Media-rich, interactive and gamified content
- End-of-lesson objective questions with detailed explanations to force mastery of content
- Simulated termly preparatory exams
- Discussion boards on all lessons and subjects
- Guaranteed learning
- Win great prizes for topping the Primacy Ebooks