General Journal: Difference between revisions
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(Created page with "{{Learning concept |Description=The simplest type of journal, it has only two money columns - one for credits and one for debits. |Wikipedia reference=http://en.wikipedia.org/...") |
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{{Learning concept | {{Learning concept | ||
|Description=The simplest type of journal, it has only two money columns - one for credits and one for debits. | |Description=The simplest type of journal, it has only two money columns - one for credits and one for debits. This journal may be used for all types of transactions, which are later posted to the appropriate ledger accounts. | ||
|Wikipedia reference=http://en.wikipedia.org/wiki/General_Journal | |Wikipedia reference=http://en.wikipedia.org/wiki/General_Journal | ||
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Latest revision as of 17:01, 15 January 2014
Description
The simplest type of journal, it has only two money columns - one for credits and one for debits. This journal may be used for all types of transactions, which are later posted to the appropriate ledger accounts.
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/General Journal
Learning Material
Covered in Topic(s)
| The Accounting Cycle: Capturing Economic Events |