answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: When special journals are used they are usually used to record each of four different types of transactions?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What are journals?

Journals are regular periodic publications, usually dedicated to a specific profession or discipline. They usually are published monthly or quarterly, and they are usually in the form of a magazine, although the obvious exception is the Wall Street Journal, which is in the form of a newspaper. Some journals are "peer review" kinds of journals, which means that when articles are submitted for publication, groups of professionals in the field will do their best to make sure that the articles are legitimate, and if ithey involve research, that appropriate methods and controls have been used. Journals are very useful in academic and academic research circles, and they are also important to professionals (physicians and scientists) who need to keep up on the latest developments in their fields.


Difference between journal and ledger?

One of the difference is that the transactions are usually first recorded in the journals and then later recorded in the general ledger. The other difference is that the entries in a journals are usually chronological order whereas the entries in a ledger are grouped according to the given transaction.


Explain Petty Cash Transactions?

Petty cash transactions are small, miscellaneous purchases or expenses. In business, there is usually a separate cash fund for this type of transaction.


What are the function of bank statement?

Most banks usually send a hard-copy (paper) statement of the list of transactions in your bank account every month or every quarter. A statement is nothing but a record of all transactions that happened on your bank account. It gives an opportunity to the customer to check if all the transactions were legitimate. If the customer feels that one or more transactions were not done by them, they can file a complaint with the bank.


Explain the meaning of term journal and state its significance?

An accounting record where all business transactions are originally entered. A journal details which transactions occurred and what accounts were affected. Journal entries are usually recorded in chronological order, and using the double-entry method of bookkeeping.

Related questions

What are some good examples of online journals?

There are various types of online journals on a variety of different topics. Online journals usually provide material for academic research. Universities are good sources of online journals.


What are ieee transactions and journals?

IEEE Transactions are scholarly journals published by the Institute of Electrical and Electronics Engineers (IEEE) that focus on specific topics within engineering and technology. They contain original research articles, reviews, and communication pieces within their respective disciplines. These journals are peer-reviewed and highly regarded in the academic and professional communities.


What is the difference between journals letters transactions magazines proceedings?

Journals contain original research articles and scholarly content in a specific field, while letters are shorter communications that may present preliminary findings or commentary. Transactions typically refer to formal documents recording business or financial activities. Magazines are general interest publications aimed at a broader audience. Proceedings are collections of papers presented at a conference or symposium.


What is the meaning of Memoirs?

A memorial account; a history composed from personal experience and memory; an account of transactions or events (usually written in familiar style) as they are remembered by the writer. See History, 2., A memorial of any individual; a biography; often, a biography written without special regard to method and completeness., An account of something deemed noteworthy; an essay; a record of investigations of any subject; the journals and proceedings of a society.


Do men have diaries too?

Some do. They usually call them journals, though.


What's the meaning of Memoirs?

A memorial account; a history composed from personal experience and memory; an account of transactions or events (usually written in familiar style) as they are remembered by the writer. See History, 2., A memorial of any individual; a biography; often, a biography written without special regard to method and completeness., An account of something deemed noteworthy; an essay; a record of investigations of any subject; the journals and proceedings of a society.


Similarities between books and journals?

Books are made to be read; journals aren't. Books are published; journals aren't. Journals are used to take notes in; books aren't. You can learn something from books; usually you can't from journals. Books can be made for enjoyment; journals aren't. (kind of--be careful with this one) Books can be made for a variety of ages; journals can't.


What is ISI journal or conference?

ISI journals are journals that is indexed and ranked by Web of Science. ISI conference or usually known as ISI proceedings, is like a usual conference proceedings.


What are journals?

Journals are regular periodic publications, usually dedicated to a specific profession or discipline. They usually are published monthly or quarterly, and they are usually in the form of a magazine, although the obvious exception is the Wall Street Journal, which is in the form of a newspaper. Some journals are "peer review" kinds of journals, which means that when articles are submitted for publication, groups of professionals in the field will do their best to make sure that the articles are legitimate, and if ithey involve research, that appropriate methods and controls have been used. Journals are very useful in academic and academic research circles, and they are also important to professionals (physicians and scientists) who need to keep up on the latest developments in their fields.


Difference between journal and ledger?

One of the difference is that the transactions are usually first recorded in the journals and then later recorded in the general ledger. The other difference is that the entries in a journals are usually chronological order whereas the entries in a ledger are grouped according to the given transaction.


Explain Petty Cash Transactions?

Petty cash transactions are small, miscellaneous purchases or expenses. In business, there is usually a separate cash fund for this type of transaction.


What are two way scientist share results?

Journals are usually published or results are shared at meetings and workshops.