Meaning of Journal: “A Journal is the book of original entry in which, We have to follow the rules of Debit and Credit, to record all the business transactions in a chronological order.
Thus, it is also called a Book of Primary Entry.
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Here I m with my new educational video that is related to the Fundamentals of Journal and Journal Entry.
This is the Part 1 of Whole Series of "Journal Entries in Financial Accounting".
In this Video I tried to clear Basics of Journal Entry in an easier language.
If you are in Class XIth or In B.Com Ist Year and you have some queries in your mind about the Basics of Journal Entry, then this is the right video which helps you a lot in understanding the Basic Concepts of Journal and Journal Entry in Financial Accounting.
In this, I provided you all the basics of Journal Entry with the help of Example.
So, I really hope that After viewing the whole video there will be no doubts in your mind regarding the Fundamentals or Basics of Journal Entry.
In Part 2, We will discuss about the Rules of Debit and Credit in Journal Entry or what rules we have to follow to do a correct journal Entry.
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#Basics of Journal and Journal Entry in Financial Accounting.
# Meaning of Journal and Journal Entry.
# Explanation of Format of Journal Entry with an example.
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