The journal has been
derived from the French word “Jour” Jour means day: So journal means daily.
Transactions are recorded daily in journal and hence it is named so. As soon as
a transaction take place, it debit and credit aspects are analysed and first of
all recorded chronologically (in the order of their occurrence) in a book is
known as journal. Thus we see that the most important function of journal is to
show the relationship between the two accounts are connected with a
transaction. Since transactions are first of all recorded in journal, it is
called BOOK OF ORIGINAL ENTRY
derived from the French word “Jour” Jour means day: So journal means daily.
Transactions are recorded daily in journal and hence it is named so. As soon as
a transaction take place, it debit and credit aspects are analysed and first of
all recorded chronologically (in the order of their occurrence) in a book is
known as journal. Thus we see that the most important function of journal is to
show the relationship between the two accounts are connected with a
transaction. Since transactions are first of all recorded in journal, it is
called BOOK OF ORIGINAL ENTRY
