The information about each business transaction is initally recorded in an accounting record called the journal After the transaction has been recorded in the journal the debit and credit changes in the individual accounts are entered in the ledger the journal is the accounting record in which transaction are first recorded it is called the book of original entry.The journal is a chronological day by day record of business transaction the information record about each transaction includes the date of the transaction the debit and credit changes in specific ledger accounts of the transaction.
ILLUSTRATION:
The pervaz started his business with cash Rs.75000 in the name of pervaz&sons
purchase merchandise on cash Rs.22000,paid shop rent for two month Rs.4500 P.M,purchase furniture on cash Rs.3500,sold merchandise on cash Rs.3000,purchase merchandise on credit from hamid&sons Rs.11750, cash deposited into bank Rs.20000
Required :prepare a General journal entries.
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