all the business transaction are recorded in journal
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In Journal, the business transaction is recorded Same day. A journal, which is also known as a book of original entry, is the first place that a transaction is written in accounting records.
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ɪɴ ᴊᴏᴜʀɴᴀʟ, ᴛʜᴇ ʙᴜsɪɴᴇss ᴛʀᴀɴsᴀᴄᴛɪᴏɴ ɪs ʀᴇᴄᴏʀᴅᴇᴅ sᴀᴍᴇ ᴅᴀʏ. ᴀ ᴊᴏᴜʀɴᴀʟ, ᴡʜɪᴄʜ ɪs ᴀʟsᴏ ᴋɴᴏᴡɴ ᴀs ᴀ ʙᴏᴏᴋ ᴏғ ᴏʀɪɢɪɴᴀʟ ᴇɴᴛʀʏ, ɪs ᴛʜᴇ ғɪʀsᴛ ᴘʟᴀᴄᴇ ᴛʜᴀᴛ ᴀ ᴛʀᴀɴsᴀᴄᴛɪᴏɴ ɪs ᴡʀɪᴛᴛᴇɴ ɪɴ ᴀᴄᴄᴏᴜɴᴛɪɴɢ ʀᴇᴄᴏʀᴅs.
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