What is Journal - Accounting Journal Entries – Format - Explanation
D efinition of Journal In Accounting After analyzing transaction, the next step is to record these Transactions in the journal. The process of recordi ng accounting transactions from voucher to Journal is called Journalizing . The Main Function of Journal is to Record Business Transactions taken place between two or more parties from the evidence documents like invoice or voucher chronologically. We will, here, discuss about Accounting Journal Entries , its format and then explain the journal entries with the help of an illustration. If you miss this post then please referred to T ransaction Analysis . Note: Journal is the second step of the Accounting Cycle . These changes in business transactions are recorded in the Journal or Book of Original Entry and the Process through which these changes are recorded in the book or journal is called Journalizing . The word Journal is derived from the word “Jour” which means Day, so journal means...