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1 of 12
1. Your personal diary
2. The recording of financial data / Transactions
2. The textbook says:
“The journal records all parts of a transaction in one
place. The date, the debit, the credit and an
explanation for each transaction are recorded
together.”
3. Can record manually or electronically
Type of Accounts Debit Credit
Asset Increase Decrease
Liability Decrease Increase
Capital Decrease Increase
Revenue Decrease Increase
Expense Increase Decrease
Drawings Increase Decrease
Journal entries
Journal entries
Journal entries
Journal entries

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Journal entries

  • 1.
  • 2.
  • 3. 1. Your personal diary 2. The recording of financial data / Transactions 2. The textbook says: “The journal records all parts of a transaction in one place. The date, the debit, the credit and an explanation for each transaction are recorded together.” 3. Can record manually or electronically
  • 4.
  • 5.
  • 6.
  • 7.
  • 8. Type of Accounts Debit Credit Asset Increase Decrease Liability Decrease Increase Capital Decrease Increase Revenue Decrease Increase Expense Increase Decrease Drawings Increase Decrease