Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what are the different journals used in accounting

What are the different journals used in accounting and why use different journals?

70.2K

Verified Solution

Question

Accounting

What are the different journals used in accounting and why usedifferent journals?

Answer & Explanation Solved by verified expert
4.3 Ratings (910 Votes)
A journal is an account that records the financial transactions of a business management that it uses to secure the future and to incorporate some other accounting information such as general accounting This journal is commonly used in a doubleaccess system The following are some types of journals A cash receipt journal is called an accounting booklet and is known as the entry    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

A bond is scheduled to mature in five years. Its coupon rate is 9 percent with...

Basic Math
1.2K views

Consider the following situation: Electrical engineers have a device that tests for battery life (in minutes)...

Biology
1.2K views

The major histocompatibility complex is _____glycoproteins, called MHC antigens, found on all body cellsa set...

Biology
1.2K views

A portal of exit would be...Choose all the correct answersmosquito bites a person with malariaOblood...

Calculus
1.2K views

Prove the identity sin x cos x 2 Use the Subtraction Formula for Sine and...

Algebra
1.2K views

Solve the following algebraically your answer may be an integer a fraction or a decimal...

Algebra
1.2K views

12 Which of the followings is the solution of the initial value problem y 3y...

Accounting
1.2K views

What is the total amount of expected cash collections for the third quarter

Accounting
1.2K views

Absorption Costing Income Statement On October 31, the end of the first month of operations,...

Accounting
1.2K views

A man has a simple discount note for $6400, at an ordinary bank discount rate...

Finance
1.2K views

FV. N / 79 2 par 176,984 IM. 3. Consider the following net after-tax cash...

Finance
1.2K views

a) Assume that the return on the market is 14 percent and the risk-free rate...