Book of original entry
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A book of original entry (alternatively known as accounting journal; hereinafter, the Journal) is any chronological log of business transactions. The data recorded in the Journal(s) is further summarized and posted into a general ledger or other book of final entry, from which financial statements are produced. Each Journal contains detailed records for the types of business transactions pertaining to a specific area.
Types
A general journal is a default Journal that every organization keeps. In addition, organizations may choose to keep one or more of cash journals, sales journals, purchase journal, payroll journals, etc.
