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  • Brown Monochrome Simple Minimalist Presentation Template 20231021 182128 0000

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    gouenjishuuya557
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    The document discusses journals, which are used to record business transactions in chronological order. Journals are the primary book for recording day-to-day transactions. Each journal entry identifies the accounts being debited and credited for a transaction, along with an explanation of the transaction. Procedures for journalizing include labeling the journal, recording the date and year, and listing the debited and credited accounts with amounts and an explanation.

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    The document discusses journals, which are used to record business transactions in chronological order. Journals are the primary book for recording day-to-day transactions. Each journal entry identifies the accounts being debited and credited for a transaction, along with an explanation of the transaction. Procedures for journalizing include labeling the journal, recording the date and year, and listing the debited and credited accounts with amounts and an explanation.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    2 views9 pages

    Brown Monochrome Simple Minimalist Presentation Template 20231021 182128 0000

    Uploaded by

    gouenjishuuya557
    The document discusses journals, which are used to record business transactions in chronological order. Journals are the primary book for recording day-to-day transactions. Each journal entry identifies the accounts being debited and credited for a transaction, along with an explanation of the transaction. Procedures for journalizing include labeling the journal, recording the date and year, and listing the debited and credited accounts with amounts and an explanation.

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    of 9

    For all purpose

    JOURNAL

    For Presenration
    Angel Camille C. Fabricante ABM11-1
    Journal
    o Journal is a historical record of business
    transaction or events.

    o Journal is a primary book for recording the day to


    day transactions in a chronological order i.e. the
    order in which they occur.

    2
    o This is called the book of first entry.
    JOURNAL ENTRY

    Journal entry means recording the business


    transactions in the journal.

    • The transaction is analyzed to determine which


    account is to be debited and which account is to
    be credited.
    5. Record the credit account followed by the amount
    credited.

    6. Write a brief explanation about the transaction.


    Procedures in Journalizing
    1. Label the parts of the general journal.

    2. Record the year of the transaction.

    3. Record the month and the date of the transaction.

    4. Record the debit account followed by the amount debited.


    For all purpose
    Thank you
    for listening!

    For Presenration
    Full Name 2022 Feb 26

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