what is journal?? discuss the rules of journalising??
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Journal is a book of 'primary entry' or 'original entry'. ... Hence, journal is known as Subsidiary Record or Subsidiary Book. Journalising is an act of recording the debit and credit aspects of a business transaction in journal, together with an explanation of the transaction, known as Narration.
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Explanation:
A general journal is a daybook or subsidiary journal in which transactions relating to adjustment entries, opening stock, depreciation, accounting errors etc. are recorded. The source documents for general journal entries may be journal vouchers, copies of management reports and invoices.
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