Journal preparation

Agricultural Science JSS 3 Second Term

WEEK 7

Journal preparation

Performance Objectives

    1. Identify source documents.

    2. Prepare journal from source documents.

 Content

A journal is used for classifying the daily transactions before they are posted into the main book of accounts. In other words, it is a book of first entry used for recording business transactions.

A journal is also called a subsidiary book, book of entry, original entry, prime entry or a daybook. Journals are used to know the total sales and purchases, keep track of the people who owed money and to make first entry transactions.

Types of Journal

There are six types of journal and they are as follows:

1. Sales journal: This…