Characteristics of Journal

Characteristics of Journal includes the first successful step of the double entry system. A transaction is recorded first of all in the journal. So the journal is called the book of original entry.A transaction is recorded on the same day it takes place. So, journal is called Day Book.Transactions are recorded chronologically, So, journal is called chronological book these are Characteristics of 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