importance and objective of journal
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The journal is the important book under the double entry system.journal is the first book of systematic record of the financial transactions in the business.
The following are the main objectives of journal-
1 . Journal is prepared to show the financial transactions in chronological order.
2 . Journal is prepared to use as a legal evidence of financial transactions.
3.journal is prepared to facilitate the preparation of Ledger book.
The following are the main objectives of journal-
1 . Journal is prepared to show the financial transactions in chronological order.
2 . Journal is prepared to use as a legal evidence of financial transactions.
3.journal is prepared to facilitate the preparation of Ledger book.
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