BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger.

Detailed explanation-2: -These journals are the sales journal, cash receipts journal, purchases journal, and cash disbursements journal. There could be more specialty journals, but the four accounting areas represented by these journals contain the bulk of all accounting transactions, so there is usually no need for additional journals.

Detailed explanation-3: -Journal Entry – An entry recorded in the Journal Proper is called a Journal Entry. Journalising-Journalising is the procedure of recording transactions in a journal. Posting-Posting is the process of transferring a Journal entry to a Ledger Account.