The word journal has been derived from the French word "Jour" Jour means day. So, journal means daily. Transactions are recorded daily in journal and hence it has named so. As soon as a transaction takes place its debit and credit aspects are analyse and first of all recorded chronologically (in the order of their occurrence) in a book together with its short description. This book is known as journal. Thus we see that the most important function of journal is to show the relationship between the two accounts connected with a transaction. This facilitates writing of ledger. Since transactions are first of all recorded in journal, so it is called book of original entry or prime entry or primary entry or preliminary entry, or first entry.
Farhad Rana
(SMUCT)
"Journal" is called as book of original entry because at the occurance of any business transaction, entry is first of all recorded in journal.
Because as soon as any business transaction occurred first of all it is recorded in journal and after that it is summarized in different ledgers that's is why it is called book of original entry.
Journal entry is called because it is the first place where any business transaction is recorded and which provide the basis for all other financial statements creation and books of accounts preparation.
1.cash book 2. bank book 3.general journal
cash book, petty cash book, returns inwards journal, returns outwards journal, yes
"Journal" is called as book of original entry because at the occurance of any business transaction, entry is first of all recorded in journal.
Because it is prepared from the journal which is the book of "original entry".
Because as soon as any business transaction occurred first of all it is recorded in journal and after that it is summarized in different ledgers that's is why it is called book of original entry.
the information is entered in the general journal, which is called the book of original entry.
A journal is a book in which transactions are recorded in the order in which they occur i.e chronological order journal is called a book of prime entry or original entry because all the book transactions are recrded in this book the proceess recording transactions in joural is called journalizing.
Journal entry is called because it is the first place where any business transaction is recorded and which provide the basis for all other financial statements creation and books of accounts preparation.
1.cash book 2. bank book 3.general journal
Examples of books of original entry are the sales day book, the purchases day book, the sales returns book, the purchases day book, the journal, and the cash book. These are books used in accounting.
cash book, petty cash book, returns inwards journal, returns outwards journal, yes
book not bank
Data entry book
Data entry book