General Journal
General Journal
General Journal
The word “Journal” derived from “Jour” a French word means “Day”. So General Journal or
simply a Journal is a book of first entry in which we record daily transactions. Based on dual
aspect concept of accounting debit and credit aspect of every transaction is to be recorded in
Journal chronologically with short explanation. All the transactions are recorded at first in this
book so it is also called book of First or prime or original entry. On the basis of journal, the
ledger accounts are to be prepared so it is also referred to as an “Assistant of Ledger”.
Entry:
Recording of any transaction in relevant heads of account in a particular book is called entry. If
the transaction is recorded in journal then it is called journal entry and if the transaction is
recorded in ledger then it is called ledger entry.
Simple Entry:
The entry in which one Heads of Account is to be Debited and Credited is called “Simple
Entry.”
Compound Entry:
The entry in which more than one Heads of Account are Debited or Credited is called
“Compound Entry.”
Journalizing:
Narration:
A short explanation written with each entry in journal is called narration and the journal entry is
considered incomplete without narration.
General Journal
Page # ------
Debit Credit
Date Description/Detail L/F
(Currency Sign) (Currency Sign)
To XXX 3 XXX
(---------------------)
XXX XXX
Narration
2016
„‟ 26 Mr. Aslam withdrew cash from business for his private use 25,000
2016
Debit Credit
Date Description L/F
Rs. Rs.