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In journal we record day to day transactions by debit and credit with narrations. From this journal we prepare Ledger account for each transaction recorded in journal.
The General Journal contains every monetary transaction, chronologically, that occurs on day to day basis. It shows the Date of the transaction, Titles of the G/L Accounts involved, Description of the Transaction, and Amount of the Transaction.
Journal is the first record of transactions of the business they occur.
