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What Is a Journal Entry in Accounting? A Guide NetSuite
WebThe general journal is the book that entity firstly records all of the daily financial transactions in it. It is also called a book of original entries because all of the transactions are records in this book before moving to other books. The entity also records other non-financial transactions that occur in the business into this book also. WebHere’s a list of the special accounting journals used: Cash Receipts Journal. Cash Disbursements Journal. Purchases Journal. Sales Journal. Purchase Return Journal. Sales Return Journal. General Journal. Each of these journals has a special purpose and are used to record specific types of transactions. capchem technology usa
General Journal vs General Ledger Top 5 Differences
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