What is a Journal? Journal Functions and Forms | Business Motivation
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Title : What is a Journal? Journal Functions and Forms | Business Motivation
Success | Online business
link : What is a Journal? Journal Functions and Forms | Business Motivation
Success | Online business
What is a Journal? Journal Functions and Forms | Business Motivation Success | Online business
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The journal comes from the word ‘journal’ (French) which means a diary. A journal is a tool used to record company transactions that are carried out chronologically, by showing the accounts that must be debited and credit along with their respective amounts. The journal is also called the 'book of original entry' (the first notebook), because every transaction that occurs in a company must be recorded first in the journal before being recorded in the general ledger.
Journal function
1. The note taking function
Journals are a tool to record all transactions that occur as a whole based on the evidence of existing documents.
2. Historical function
Journal is a tool to record all transactions that occur in accordance with the time sequence (chronological).
3. Analysis function
Journal is the result of analysis of transaction evidence so that the location of the debit / credit of the account will be recorded along with the amount.
4. Instructive function
A journal is an instruction or an order to do a posting (posting) into a ledger
5. Informative function
The journal provides information about transactions that occur so that the company's activities are clearly visible.
C. Journal Forms
In general, the form of a journal can be divided into two, namely:
1. General Journal
If the company transactions are still small, a two-column general journal, debit and credit, is sufficient as the first accounting record. General journals are journals used to record all types of transactions that occur, and if companies use special public macajurnal journals are used to record transactions that cannot be recorded in one of the special journals available.
Information:
- The date column is used to record the date, month and year of the transaction.
- The account / description column is used to record debited and credit transactions, accompanied by a brief description of the transaction.
- Column ref. (reference) is used to record the account code when the journal entries are transferred to the general ledger. Before being moved, column ref. permanent The debit column is used to record the transaction value.
- The credit column is used to record the value of the transaction.
- The page is used as a ref. in the ledger.
2. Special Journal
If more and more frequent company transactions occur with high frequency such as purchases, sales, cash receipts, and cash disbursements, a special journal is required to record such transactions. Special journals are journals that are used to record every transaction of the same type and repeatedly occur
The journal comes from the word ‘journal’ (French) which means a diary. A journal is a tool used to record company transactions that are carried out chronologically, by showing the accounts that must be debited and credit along with their respective amounts. The journal is also called the 'book of original entry' (the first notebook), because every transaction that occurs in a company must be recorded first in the journal before being recorded in the general ledger.
Journal function
1. The note taking function
Journals are a tool to record all transactions that occur as a whole based on the evidence of existing documents.
2. Historical function
Journal is a tool to record all transactions that occur in accordance with the time sequence (chronological).
3. Analysis function
Journal is the result of analysis of transaction evidence so that the location of the debit / credit of the account will be recorded along with the amount.
4. Instructive function
A journal is an instruction or an order to do a posting (posting) into a ledger
5. Informative function
The journal provides information about transactions that occur so that the company's activities are clearly visible.
C. Journal Forms
In general, the form of a journal can be divided into two, namely:
1. General Journal
If the company transactions are still small, a two-column general journal, debit and credit, is sufficient as the first accounting record. General journals are journals used to record all types of transactions that occur, and if companies use special public macajurnal journals are used to record transactions that cannot be recorded in one of the special journals available.
Information:
- The date column is used to record the date, month and year of the transaction.
- The account / description column is used to record debited and credit transactions, accompanied by a brief description of the transaction.
- Column ref. (reference) is used to record the account code when the journal entries are transferred to the general ledger. Before being moved, column ref. permanent The debit column is used to record the transaction value.
- The credit column is used to record the value of the transaction.
- The page is used as a ref. in the ledger.
2. Special Journal
If more and more frequent company transactions occur with high frequency such as purchases, sales, cash receipts, and cash disbursements, a special journal is required to record such transactions. Special journals are journals that are used to record every transaction of the same type and repeatedly occur
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