Full description
The purpose of journals in the accounting system was to chronologically record payments other than cash. The journal was a book of original entry. Each entry involved two accounts a debit and a credit, which was considered a "balanced" journal entry. At regular intervals journals were posted to the ledger. General Journals were maintained to record specialist transactions such as transfers from one account to another and to correct errors.
Created: 1906-06-06 to 1947-05-16
Data time period: 1908-02-01 to 1927-12-01
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