A Journal is an accounting record that is used to record the different types of

transactions in chronological order or date order.

–Journals are often called or referred to as the Books of Original Entry. The
reason is that this is the first place that business transactions are formally
recorded.
–In other words, they are the first books in which the business transactions are
recorded throughout the accounting process.
–You can think of a Journal as a Financial Diary.

There are 2 types of Journals

1.Special Journals
2.General Journal
Special Journals
–A special journal is used to record transactions of a similar nature
such as credit purchases of goods or credit sales.
–Specialized Journals are journals used to initially record special
types of transactions such as sales and purchases.
–All these journals are designed to record special types of business
transactions and post the totals accumulated in these journals to the
General Ledger periodically (usually once a month)