For accountingpurposes, a journal may be a physical record or a digital document stored as a book, a spreadsheet, or data entered into accounting software. When a transaction … See more

Double-entry bookkeepingis the most common system of accounting. Every business transaction is made up of an exchange between two accounts. Thus, every journ… See more

Single-entry bookkeeping is rarely used in accounting and business. It is the most basic form of accounting and is set up like a checkbook, in that only a single account is used for ea… See more

A journal is also used by those in the investment finance sector. For an individual investor or professional money manager, a journal is a comprehensive and detailed record of tr… See more