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

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.