What is the explanation of General journal?

common type of journal used in keeping a chronological record of financial transactions of the firm not belonging to the others.

There are two types of Journals, one is General journal and another type is special journals. in General journal we record the below various transactions together with under once Journal Totality. 

- all Sales based on credit and cash

- all purchases based on credit,

- all Purchasing of Assets/current and non current assets on both credit and cash

- calculation of Depreciation

- Expenses, Income   

the upper Accounts Transactions are recording all together in an Accounting Record System, under the actual dates, Amounts, and under the Accurate accounting roles which is known as General journal.  

 

Thanks

It is a part of the accounting record keeping system. -All transactions may be recorded in a specially journal or in the leger

A Journal entry is the first step of the accounting or book-keeping process. In this step, all the accounting transactions are recorded in general journal in a chronological order. The general journal is maintained essentially on the concept of double entry system of accounting, where each transaction affects at least two accounts.

 

Other names used for general journal are “journal book” and “book of original entry”.