Features of journal
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Journal is a book in which the transactions are recorded first of all, as and when they take place. For this reason, it is called a book of original entry. ... A journal records both debit and credit aspects of a transaction according to the double entry system of book — keeping.
Explanation:
Chronological: In which the transactions happen, the journal entries are to be recorded in a date-wise sequence or order.
Double Entry System: Every transaction is equally entered on both debit and credit sides as it is a dual entry system. ...
Daybook: It records day-to-day transactions.
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