What entries exactly go into the General Journal.??
General Journals are essentially the entry point for almost all accounting data. All transactions and accounting adjustments are “journalised” (in chronological order) into the General Journal. The “others” Kirsti referred to are Special Journals, used to journalise specific types of accounting transactions that happen regularly (in the same form – refer to the examples given by Kirsti), and so a specific format of the journal will facilitate better understanding and easier use. Not all entities use special journals. Where special journals are used, the types of transactions that the special journal caters for will be journalised here rather than the General Journal.
