Journal is the first step of accounting process. Journal is the first book to keep systematic record of all the business transactions. This note has information about journal, its objectives and journalising.

Rules of Journalizing

The system record of a transaction in the journal book is called journal entry, the process of passing journal entry is called journalising. The rules are also known as rules of debit and credit. This note has information about the rules of journalising the transactions.

Journal Entries

Journal entries are the systematic order record of financial transaction in the journal. Journal entries consist of the name of debit and credit involved in the financial transaction with a brief narration. It is the basis of making ledger. This note has information about journal entries and journalizing different types of account.