Journal and Journalising – Basics – Learn Simple

This free course is covering the basics of accounts – journal and Journalizing . Journal is a day book for keeping business transactions in order by date. it is a book of prime entry or a book of original entry. We can make or prepare  ledger from  this book, ledger is a collection of accounts in similar nature, it is a principal book or secondary book. Accounts statements such as trial balance, trading or manufacturing account, profit and loss account or income and expense account , balance sheet etc…  are preparing from  the ledger. However the origin of these statements and ledgers are from the books of Journal. So we can imagine the importance of Journal in accounts. Other books of original entry are:

– purchase book

– sales book

– purchase return book

– sales return book

– bills receivable book

– bills payable book

– cash book

This course is designed with graphics and anyone can simply learn, this is a door step to book keeping and Accounting.

course detail in brief:

introduction

double entry system in Journal

golden rules of accounts in Journal

Journalizing Transaction on the basis of their type

Journalizing Transactions based on their category

Common account heads and their Journalizing

Journal is a double entry system, so non-commerce students absolutely  not know how to enter business transactions in journal. Even commerce students are also making mistake while entering business transactions in Journal. In this situation they are not eligible for an accounting job in a company. In  addition to Journal book , the above given books, preparation of various accounts statements and reports  are necessary to learn and manage well for getting a good job in  a company.