What Is The Difference Between General Journal And Journal Entry? The main difference between them is that the general journal serves as the original book of entry. … While Purchase Journal records credit transactions, a General Journal records cash purchases. read more, which records only specific types of transactions, whereas general journals record all remaining
What Are The Examples Of Journal? Sales: income you record from sales. Accounts receivable: money you’re owed. Cash receipts: money you’ve received. Sales returns: sales you’ve refunded. Purchases: payments you’ve made. Accounts payable: money you owe. Equity: retained earnings and owners’ investment. What is journal writing with example? Journal writing is the process of recording
What Are The Two Kinds Of Journal? Two basic types of journals exist: general and special. What are the different types of journal? academic/scholarly journals. trade journals. current affairs/opinion magazines. popular magazines. newspapers. What are the 2 types of journal entry? (II) Compound Entries: … (IV) Transfer Entries: … (V) Closing Entries: … (VI) Adjustment