general journal

(noun)

where double entry bookkeeping entries are recorded by debiting one or more accounts and crediting another one or more accounts with the same total amount

Related Terms

  • ledger
  • posting

Examples of general journal in the following topics:

  • Posting

    • Carrying out of these instructions is known as posting, a procedure that takes information recorded via journal entries (or journalizing) in the General or Special Journals and transfers it to the General Ledger.
    • In cross-indexing a notation is made for each entry that indicates which general or special journal account the general ledger entry came from.
    • The account number appears in the Posting Reference column of the General Journal.
    • The general ledger contains all entries from both the General Journal and the Special Journals.
    • Describe how posting affects the General Journal, Special Journal and General Ledger
  • Journalizing

    • Items are entered into the general journal or the special journals via journal entries, also called journalizing.
    • Depending on the business's accounting information system, specialized journals may be used in conjunction with the general journal for record-keeping.
    • In such case, use of the general journal may be limited to non-routine and adjusting entries
    • Items are entered the general journal or the special journals via journal entries, or journalizing.
    • Explain the correct procedure for making a journal entry in the General or Special Journal.
  • Bonds Issued at Par Value

    • The journal entry would be: Bond Payable $1,000 Cash $1,000
    • Next, it generally pays interest during the term of the bond.
    • When the bond is issued, the company must record a liability called "bond payable. " This is generally a long-term liability.
    • All transactions made by the company in relation to the bond must be recorded in its general ledger.
    • The general ledger contains all entries from both the General Journal and the Special Journals.
  • Inputs to Accounting

    • Inputs into accounting include journal entries, the bookkeeping process, and the general ledger.
    • In accounting, a journal entry is a logging of transactions into accounting journal items.
    • Journal entries are used to record injections and ejections to such net worth.
    • Each account in the general ledger consists of one or more pages.
    • The general ledger is where posting to the accounts occurs.
  • The Accounting Cycle

    • The accounting cycle includes analysis of transactions, transferring journal entries into a general ledger, revenue, and expense closed.
    • These source documents are then recorded in a Journal.
    • These write-ups are known as Journal entries.
    • These Journal entries are then transferred to a Ledger, which is the group of accounts, also known as a book of accounts.
  • Journalistic Standards

    • Journalism ethics and standards describe the principles of ethics and good practice journalists adopt in response to specific challenges.
    • Journalism ethics and standards describe the principles of ethics and good practice journalists adopt in response to specific challenges.
    • Historically and currently, journalists consider the subset of media ethics as their professional "code of ethics" or "canons of journalism".
    • Codes of journalism are designed to guide journalists through numerous ethical challenges, such as conflict of interest.
    • The job requires general, wide-ranging knowledge and the ability to conduct quick and accurate research.
  • Bibliography

    • Structural balance: A generalization of Heider's theory, Psychological Review, 63: 277-92.
    • American Journal of Sociology. 94: 749-73.
    • American Journal of Sociology. 58: 182-96.
    • American Journal of Sociology. 98: 721-54.
    • Generalized Exchange and Social Dilemmas.
  • The Rise of Adversarial Journalism

    • Adversarial journalism, or gotcha journalism, seeks to reveal wrongdoings of public officials through a variety of premeditated methods.
    • Adversarial journalism, or gotcha journalism, is a form of journalism that seeks to uncover wrongdoings of public officials.
    • Most commonly, this manifests by finding footage of exceptions to a generalization given by a speaker or interviewee.
    • The officials may or may not have been lying, but showing some continuing problems does not prove lack of progress in general.
    • Describe the rise of "gotcha journalism" and the legal recourse public figures have against such journalism
  • Journalists

    • A journalist's work is referred to as journalism.
    • Journalism has developed a variety of ethics and standards.
    • Broadcast journalism is journalism published through the radio, the television, or the Internet.
    • Radio was the first medium for broadcast journalism.
    • Today, commentary is generally presented in the talk show format.
  • Accounting for Sale of Stock

    • Often times companies offer their stock for sale as a way to generate cash.
    • If the common stock is sold above par value the journal entry is slightly different.
    • Often times companies offer their stock for sale as a way to generate cash.
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