Advantages of Journal

Advantages of Journal include records of all business transactions in one place on the time and date basis.There is minimum chance to avoid any particular transaction because in journal transactions are recorded date basis so journal is very importent in accountig .


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