CBSE Class 11-commerce Answered
Is journal a book of original entry?
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Asked by Topperlearning User | 14 Jun, 2016, 05:30: PM
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All the transactions recorded in the books for the first time is called journal or book of original entry. The source documents are used to record all these transactions in the journal. These transactions are entered with the details of debit and credit in the journal and are transferred to an individual account. This sequence causes the journal to be called the book of original entry and the ledger account is called principal book of entry.
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