Question

What is journal and explain types of accounts

Answer 1

These are the first formal books in which information regarding transaction is recorded . For the same reason they are also named as books of prime entry or books of original entry or day books. While making a record certain format is followed that only summarizes the information but also keep the value of information intact.

Answer 2

Answer:

Explanation:

A journal is a basic book of accounting. It is a primary stage in the Double entry system of book keeping.

Types of accounts

Real account

Nominal account

Personal account