Journal

A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger. A journal states the date of a transaction, which accounts were affected, and the amounts, usually in a double-entry bookkeeping method.Is thes topic we wil cover how to record business transaction.wil read about different types of word related to accounts.we will read about the we use while recording the transaction.there are basically two methods we use 1 is golden rule which is basically called traditional method and another Is diamond rule which is related to modern method.in traditional method we will read golden rule , different type type of account like personal real and nomial there are basically 3 formula for personal account we use debit the receiver and credit the giver.in real account we use debit what comes in credit what goes out.in nominal we use debit all expenses and credit all incomes.so basically this is the base of accounts