SSC MCQ Question Ans. Journal

SSC MCQ Question Ans. Journal. After the identification of financial and non-financial events, it is necessary to record the financial transactions in the books of accounts identifying Debit and Credit parties. Transactions have differences in nature; the classification of the journal is made considering the nature & features of transactions. A transaction should be recorded in such types of the journal, where it is appropriate. If the evidence of transaction is justified during recording, the acceptability of recorded accounts increases enormously.

SSC MCQ Question Ans. Journal

After the transactions occur, we have to record the detail of that as quickly as possible. The detail of the transaction is recorded first in the journal primarily. Analyzing the debit and credit side of a transaction it is written chronologically with an explanation in a journal. Later on, the journal is acted as the subsidiary book for the principal book Ledger. Therefore, the journal is called the primary book of accounts. Keeping of journal is not compulsory but for the benefit of keeping records, it is required to be kept. If transactions are kept in a journal, the chance of happening omission of errors reduces significantly.

teachingbd24.com is such a website where you would get all kinds of necessary information regarding educational notes, suggestions and questions’ patterns of school, college, and madrasahs. Particularly you will get here special notes of physics that will be immensely useful to both students and teachers. The builder of the website is Mr. Md. Shah Jamal Who has been serving for 30 years as an Asst. Professor of BAF Shaheen College. He expects that this website will meet up all the needs of Bengali version learners /students. He has requested concerned both students and teachers to spread this website home and abroad.