What is a journal in accounting

In a previous  post we had a look at the concept of recording a transaction based on events that happen. In accounting terms we would use an journal to record these events. So what is a journal and what data is in it? You can find number definitions in accounting books and website on what a journal is. Here are a few examples. http://www.accountingcoach.com/blog/what-is-a-journal http://www.accountingcoach.com/blog/what-is-a-journal-entry http://www.investopedia.com/terms/j/journal.asp ...read more