Book of original entry

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A book of original entry (alternatively known as accounting journal; plural is known as books of original entry or, simply, journals; hereinafter, the Journal) is any chronological log of financial transactions. The data recorded in the Journals or Journals is further summarized and posted into a general ledger or other book of final entry, from which financial reports are produced.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Book of original entry. Book that records the first formal information about business transactions. A general journal is an example of a book of original entry.

General journal

Main wikipage: General journal

A general journal is a default Journal that every organization keeps.

Cash book and other journals

In addition to a general journal, organizations may choose to keep one or more of other Journals. Each additional Journal contains detailed records for the types of financial transactions pertaining to a specific area such as a cash book, sales journal, purchase journal, payroll journal, etc.

Related concepts

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