What is a journal? Give a specimen of journal showing at least five entries.

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journal book systematically records business transaction on the basis of a source document in a chronological (day-to-day) order for the first time.Therefore, it is also called the book of Prime or Original Entry.
In this way, a journal is a book in which all the transactions are recorded as and when they take place. Afterwards, transactions from this book are posted to the respective accounts. Each transaction is separately recorded after determining the particular account to be debited or credited.
The journal entry is the basic record of a business transaction. It may be simple or compound. When only two accounts are involved to record a transaction, it is called a Simple journal entry.
Journal Entries
Date
Perticulars LF Amt.(Dr) Amt.(Cr)
2011
Jan 1 Cash A/c Dr
To capital A/c
(Being business started with cash) 1,00,000
1,00,000
Jan 2 Bank A/c Dr
To cash A/c
(Being account open with bank ) 50,000
50,000
Jan 5 Purchase A/c Dr
To cash A/c
(Being goods purchased for cash) 20,000
20,000
Jan 7 Furniture A/c Dr
To cash A/c
(Being furniture purchased) 10,000
10,000
Jan 10 Cash A/c Dr
To sales A/c
( Being goods for sold for cash)
40,000
40,000

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What is a journal? Give a specimen of a journal showing at least five entries.

What is a journal? Give a specimen of journal showing at least five entries.


S. No.	Particulars		L.F.	Amount Dr. (₹)	Amount Cr. (₹)
(i)		Dr.
		Dr.
	To
	(Goods of the list price of ₹ 5,000 sold at 10% trade discount and 2% cash discount)

(ii)
	(The purchase of Motor Car for ₹ 80,000 and the payment of ₹ 5,000 as repairs charges on it. Entire payment is made by cheque)

(iii)	Chaturvedi’s	Dr.		5,000
	To Cash A/c
	To
	(Chaturvedi’s account settled, cash discount three percent)

(iv)	Bank A/c	Dr.
		Dr.
	To				8,400
	(70 paise per rupee received from the estate of Ashok on his insolvency)

(v)		Dr.		3,000
	To				3,000
	(For goods used by proprietor for personal use)

(vi)		Dr.		2,000
	To				2,000
	(For Rent due to landlord)

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Date	Perticulars	LF	Amt.(Dr)	Amt.(Cr)
2011 Jan 1	Cash A/c Dr To capital A/c (Being business started with cash)		1,00,000	1,00,000
Jan 2	Bank A/c Dr To cash A/c (Being account open with bank )		50,000	50,000
Jan 5	Purchase A/c Dr To cash A/c (Being goods purchased for cash)		20,000	20,000
Jan 7	Furniture A/c Dr To cash A/c (Being furniture purchased)		10,000	10,000
Jan 10	Cash A/c Dr To sales A/c ( Being goods for sold for cash)		40,000	40,000