MANAGEMENT

Detailed explanation-1: -A general journal is a daybook or subsidiary journal in which transactions relating to adjustment entries, opening stock, depreciation, accounting errors etc. are recorded. The source documents for general journal entries may be journal vouchers, copies of management reports and invoices.

Detailed explanation-2: -The main difference between a general journal and the special journal is that the general journal includes all transactions for a business, while the special journal includes only specific types of transactions.

Detailed explanation-3: -Source documents are business forms that provide evidence of each transaction and give the details that are entered later into one of the journals in a computer accounting system.