The journal, also known as the general journal, is involved in the first phase of accountingbecause all transactions are recorded in it, originally in chronological order. This … See more

Recording a transaction in the books of accounts is known as making an entry. When a transaction … See more

Journalizing is the second step in the accounting cycle. The first step is transaction analysis, which provides the information needed to journalize a transaction… See more

The first book in which transactions are recorded is called the general journal. Transactions are recorded in chronological order (i.e., the order of their occurrence). The genera… See more