What is Journal
Journal is a daily book of record or primary book of records where all business transaction or its effect has recorded first time, because of that this book is called prime entry book of account.
The word journal is driven from the french language where the word 'JOUR' means a day whereas journal means a daily book of records. In short, a businessman has to record all the transaction in this primary book of account which had taken place during that day
Format of Journal:
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