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(also called book of first entry, journal or subsidiary book) book in which the business summarises daily transactions. Examples are Cash Payments Journal, Cash Receipts Journal, Creditors Journal, Debtors Journal, Petty Cash Journal, Salaries Journal, Wages Journal and General Journal.
General Journal entry to close off nominal accounts for the accounting period.
a financial plan that shows how much money is available and how it will be spent
account that offsets another account: debit the one and credit the other.