Journal

Journal is the recording of business transactions that occurred daily. Journal records the transaction in chronological order. As soon as transaction occurs it is recorded in Journal.

Sales Returns Book

Sales Returns Book: Learning Objectives: Define and explain sales return book. What is a credit note? Prepare a sales returns book and post into ledger. Definition and Explanation: Sales returns book is also called returns inwards book. It is used for recording goods returned

Journal

Journal: Learning Objectives: Define and explain journal. What are characteristics of journal? What are its advantages and how a journal is prepared? Definition and Explanation: The word “journal” has been derived from the French word “jour”. Jour means day. So journal means daily. Transactions