Characteristics of a Journal
1. A Journal contains day-to-day transactions in a chronological order.
2. It is a book of original entry in which transactions are written before they are posted in the Ledger.
3. It records both the debit and credit aspects of a transaction by using the Double Entry System of Book Keeping.
4. A Journal is a record which shows complete details of a transaction in one entry.
5. Journalising means recording a transaction in the Journal and the form in which it is recorded is known as a Journal Entry.
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