Accounting Cycle - Journal

Lesson 1 of 5 • 13 upvotes • 8:16mins

Chaitanya Nandrajog

This portion of the lesson describes the very very important topic and the process of accounting,i.e., Journal. It is very important to know and to learn the basics of journal entries because this is like the first footstep or first state to move on further in the accounting life cycle and the processes and Indus lesson I have discussed about the preparation of journal with its ingredients or simply the things which it includes while preparing it. The recording of journal entry is the most easiest thing and the basics of starting of accounting questions but if you do not practice it will be the most toughest thing because it just goes on like a story you just have to go through the golden rules which are very very important for recording the journal entries so please go through the golden rules as well.