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  2. Uses of journals in accounting include12345:
    • Tracking business records
    • Monitoring investments
    • Creating budgets
    • Managing daily finances (receipts, expenses, profit and loss)
    • Providing a chronological record of financial transactions
    • Serving as the basis for preparing financial statements and other reports
    Learn more:
    Journals can be used to track business records, monitor investments, create budgets, manage daily finances such as receipts and expenses (including profit and loss information), or any other kind of record-keeping that is done regularly.
    www.financestrategists.com/accounting/general-jo…
    An accounting journal provides a thorough record of a business's financial transactions. The events are listed in order by date, making it easy to see how the business performs periodically. The journal entries are used later in the accounting process for business owners needing to reconcile their accounts.
    www.skynova.com/learn/accounting/accounting-jou…
    The journal's purpose is to provide a chronological record of all financial transactions of a business. The journal provides a permanent record of transactions and serves as the basis for preparing financial statements and other reports.
    www.wallstreetmojo.com/journal-in-accounting/

    Mandatory for all businesses and commercial companies, the accounting journal (also known as the journal book, general journal or centralizing journal) is a document used to :

      www.appvizer.com/magazine/accounting-finance/a…
      A journal is a place of record in which business transactions are recorded in chronological order. A firm may use several specialized journals, such as a purchases journal or sales journal, to separately record transactions in the more high-volume areas. The general journal is used to record more general, lower-volume transactions.
      www.accountingtools.com/articles/journal
       
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