Post by account_disabled on Mar 5, 2024 5:31:31 GMT
Instructive Function Recording in a journal is actually an instruction or command to post or transfer debits/credits to the ledger. Also read: General Journal of a Trading Company and Examples Various Accounting Journals Various Accounting Journals illustration of various accounting journals. source envato As mentioned previously, there are various types of journals in the world of accounting. However, there are at least eight types of accounting journals that are most commonly used by companies. The following are various types of journals that are often used, including: . General Journal A general journal is an accounting journal that records all company financial transactions systematically in a certain period.
Because of this, this type of journal is often used as a company diary which contains all records of transactions that occurred throughout the current period. General journal recording can affect debit accounts and credit accounts. There are Whatsapp Number List five accounts that must be recorded in it, namely equity, debt, capital, income and company expenses. . Special Journal A special journal is an accounting journal in which transactions are recorded according to their type, namely purchase, sales, cash in and cash out journals.
The purchase journal is used to record all transactions purchasing goods/products or services on credit. Sales journals are used to record sales transactions on credit. The cash receipts journal functions to record all cash receipt transactions from various sources of income, such as sales revenue. Meanwhile, the cash disbursement journal is used to record expenditure transactions for various types of costs/expenses. Also read: Consolidated Elimination Journal: Benefits, Characteristics, Examples . Adjusting Journal Adjusting journal entry illustration of various accounting journals. source envato Adjusting journals are one of the various types of journals that are also commonly used by companies. This type of journal is made at the end of an accounting period to compare whether the amounts recorded are the same.
Because of this, this type of journal is often used as a company diary which contains all records of transactions that occurred throughout the current period. General journal recording can affect debit accounts and credit accounts. There are Whatsapp Number List five accounts that must be recorded in it, namely equity, debt, capital, income and company expenses. . Special Journal A special journal is an accounting journal in which transactions are recorded according to their type, namely purchase, sales, cash in and cash out journals.
The purchase journal is used to record all transactions purchasing goods/products or services on credit. Sales journals are used to record sales transactions on credit. The cash receipts journal functions to record all cash receipt transactions from various sources of income, such as sales revenue. Meanwhile, the cash disbursement journal is used to record expenditure transactions for various types of costs/expenses. Also read: Consolidated Elimination Journal: Benefits, Characteristics, Examples . Adjusting Journal Adjusting journal entry illustration of various accounting journals. source envato Adjusting journals are one of the various types of journals that are also commonly used by companies. This type of journal is made at the end of an accounting period to compare whether the amounts recorded are the same.