REMEDIAL CLASS 1: INTRODUCTION , JOURNAL & LEDGER
WELCOME TO THE ACCOUNTANCY CLASS. THIS REMEDIAL CLASS WILL COVER THE FOLLOWING TOPIC: 1. JOURNAL & LEDGER TODAY'S TOPIC IS JOURNAL AND LEDGER Meaning of Journal All the business transactions are first recorded in the Journal, therefore, it is also known as the “Book of Original Entry or Book of Prime Entry”. In this book, we record the business transactions in a chronological order that means in the order (or date) of their occurrence. This entry is popularly referred to as Journal Entry. Steps of Journalising THE FOLLOWING VIDEOS ARE CLEARLY EXPLAINING THE STEPS TO JOURNALISE. CLICK ON THE LINKS GIVEN BELOW TO WATCH THE VIDEOS. 1. VIDEO LINK FOR JOURNAL PART 1 2. VIDEO LINK FOR JOURNAL PART- 2 3. SPECIAL ENTRIES FOR TRADE DISCOUNT & CASH DISCOUNT 4. YOU TUBE LINK TO UNDERSTAND, HOW TO MAKE JOURNAL ENTRIES LEDGERS Posting of a transaction Posting of a transaction is done by transferring the recorded tr...