General journal
General journal (or, simply, journal; hereinafter, the Journal) is a chronological log of journal entries recorded utilizing double-entry bookkeeping. In other words, the Journal is a listing of financial transactions in chronological order. The Journal is a book of original entry.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Journal. A listing of business transactions in chronological order. The journal links on one page the debit and credit parts of transactions.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
