Explanation General journal: This is a journal used to record infrequent transactions like adjusting entries , closing entries, accounting errors, sale of assets, or bad debts expense. General journal is the group of journal that is used to record all transactions, events and arrangements in chronological order. It consists of date, accounts to be debited and credited, debit column, and credit column for amounts and post reference column. Example: Date Account Title Post Ref...

5th Edition

ISBN: 9781618531650

Author: Thomas Dyckman

Publisher: Cambridge Business Publishers

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Explain the nature and purpose of general journal.

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Chapter 3 Solutions

Financial Accounting

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