What is a Journal?
Download our app for free and get startedPlay store
A Journal is a book of original entry in which transactions are recorded in the order in which they occur i.e., in chronological order.
art

Download our app
and get started for free

Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*

Similar Questions

  • 1
    If A had withdrawn from his business 3,000 for personal use, find out the profit in this case.
    View Solution
  • 2
    Give the full form of IGST.
    View Solution
  • 3
    1. Purchases Account.
    2. Cash.
    3. Capital.
    4. Salary.
    5. Interest received.
    6. Sales Return.
    7. Machinery.
    8. Drawings.
    View Solution
  • 4
    What are Real Accounts?
    View Solution
  • 5
    What does debit balance of a Personal Account indicates?
    View Solution
  • 6
    What are Personal Accounts?
    View Solution
  • 7
    ‘If debts written off as bad are recovered subsequently it should be credited to Debtors Account'. Do you agree?
    View Solution
  • 8
    A commenced his cloth business on $1^{\text {st }}$ April, $2018$ with a capital of $₹ 30,000$. On $31^{\text {st }}$ March $2019$ , his assets were worth $₹ 50,000$ and liabilities of $₹ 10,000$. Find out his closing capital and profits earned during the year.
    View Solution
  • 9
    Give an example of a transaction which has effect on two items on the assets side.
    View Solution
  • 10
    What are Artificial Personal Accounts? Give one example.
    View Solution