Also known as books of original entry or day books.
First place where accounting information is recorded.
Used on a daily basis and the process of recording
data is called journalizing.
Data entered in a journal is obtained from source
Balancing Off Accounts
After the ledger accounts are posted at the end of a financial
period they must be balanced off.
An account is balanced when the total of the debit entries
of the account is equal to the total of the credit entries of the
CNC BIKE SHOP ; GENERAL JOURNAL
Started business with
150,000.00 in Bank