Presentado por: Karla Patricia Neyra Onque

ACCOUNTING JOURNAL

Technical Definition

The daily book is a document that reflects, day by day, all the operations related
to the company's activity.

The daily book is formed by the set of all the accounting entries of a company.
Therefore, it is considered the main accounting record. This is because in it, the
first record of a transaction is collected.

This is one of the accounting books that the company has, but which is
mandatory, according to the Commercial Code. For this reason, its presentation
in the Mercantile Registry is necessary. On the sidelines, although it is
convenient to make the records daily, the Commercial Code allows joint
operations to be registered in a maximum time of one quarter; however, as long
as its detail appears in other books.

Information included in the journal

The accounting entries that make up a journal must include, at a minimum, the
following information:

• Seat number.
• Date.
• Debit account.
• Credit account.
• Amount.
• Concept of the operation

It is essential that these entries contain the same amount on the debit side as
on the credit side. When this occurs, the seat is said to be "square."

Journal Features

Among the functions that this book allows, the following should be highlighted:

• Keep an accounting ordered chronologically and with a consecutive

numbering.
• Create the ledger.
• Check the balance sheet.
These, among others, are some of the functions that said accounting book has.

EXAMPLE FORMAT

EXAMPLE TRADITIONAL

Mr. Pedro Alcantara buys merchandise for his company, proceeds to buy the following:

50 bags of cement to S/. 25.00 each.

Pay in cash and send it to storage.

it is requested to make its respective accounting entry

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60 SHOPPING 1,250.00

601 MERCHANDISE

225.00
6011 MERCHANDISE MANUFACTURED

40 TAXES, CONSIDERATIONS TO THE PENSION

AND HEALTH SYSTEM PAYABLE
1,475.00
401 CENTRAL GOVERNMENT

4011 IGV

42 THIRD-PARTY TRADE ACCOUNTS PAYABLE

1,250.00
421 INVOICES, BILLS AND OTHER PROOF
PAYABLE 1,250.00

X/X FOR THE PURCHASE OF MERCHANDISE

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20 MERCHANDISE 1,475.00

61 VARIATION OF EXISTENCES

611 MERCHANDISE 1,475.00

X/X BY SHIPPING TO THE WAREHOUSE

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42 THIRD-PARTY TRADE ACCOUNTS PAYABLE

421 INVOICES, BILLS AND OTHER PROOF

PAYABLE

10 CASH AND CASH EQUIVALENTS

101 CASH REGISTER

X/X FOR THE PAYMENT OF THE PURCHASE

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