Question

explain division of journal​

Answer 1

Answer:

Definition of Subdivision:

In a large business concern a journal is divided into parts so that several clerk could work at the same time. This is

Answer 2

Journal is the primary book of accounting where all the financial transactions are recorded. It is also known as a prime record of

double-entry bookkeeping.

• All the financial transactions are recorded in a detailed manner which is then posted into the respective accounts.
• Many big firms have various journals which are similar to the normal journal but are divided into various books called the subsidiary books.
• There are newly 8 subsidiary books known as cashbook, sales book, purchase book, return inwards book, return outwards book, payable book, bills receivable book, and journal proper.