What Is Journal In Accounting?

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Today We will discuss about what is"Journal"


Journal is a book to record daily transactions to avoid omitted transactions.
Journal is a book that provide base for further accounting system as well. If any transaction will skip from "Journal" then it will skip from accounting system.


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Journal is very important book and a base for accounting. So we should record every transaction in journal carefully. There are many supportive books of journal hereunder-




1.  Sales Books
2.  Purchase Books
3.  Sales Return Books
4.  Purchase Return Books
5.  Cash Books
6.  Bank Books
7.  Petty Cash Books
8.  Bills Receivable Books
9.  Bills Payable Books
10. Expenses Books 












   and various other books as required by the organization for daily transactions. As above, these books are very important and essential for accounting system to get better and fair result from Final Accounts(Like: Trading Accounts, Profit and Loss Account an Balance Sheet) is most demandable for internal and external stakeholders.




  So Financial Statements are truly depend on "Journal", so journal is not only base but father of Final Accounts.




































































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