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When the size of business and number of transactions are large, recording of transactions in one journal will be inconvenient. It will also cause delay in collection and presentation of accounting information. Many of the transactions are repetitive in nature. If separate journals are maintained for recording transactions of a similar character, journalizing and posting will be easier and more convenient. For example, all cash transactions can be recorded in one ledger; all credit sales in another journal and so on.
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What are the features of a journal?
there are 2 types of journal. 1. general journal 2. speacil journal
Is a journal voucher also a journal entry?
No, These two are different. Journal vochar is document through which journal Entries are made in books of accounts
What are five special journals?
1 - Sales Journal 2 - Purchase Journal 3 - Cash Receipt Journal 4 - Cash Payment Journal 5 - General Journal
What is a purchase journal used for?
What is a purchase journal
Does the general journal have to balance?
Any journal has to balance.
What is Article 1 is subdivided into ten?
the articles are subdivided into ten sections
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An order can be subdivided into?
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How is cultural geography subdivided?
hjghjhgj
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Can phylum be subdivided into several classes?
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