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The journal

The book of prime entry for everything that has no day book: opening entries, write-offs, one-off transactions and corrections.

Free5 rooms43 questions42 min
Start this moduleWhat the journal is for

Rooms in this module

  1. 1What the journal is for7 min, mediumFree
  2. 2How to write the opening entries of a new business9 min, mediumFree
  3. 3How to write off a debt that will not be paid9 min, mediumFree
  4. 4Journals for one-off transactions9 min, mediumFree
  5. 5Narratives and who approves a journal8 min, mediumFree

How this works

Each room answers one problem. A task is a few lines of reading, then questions you answer in the books: post to an account, type a figure, sort, match or write a journal. Every answer is marked at once, with the rule behind it. There are no videos.

Words in this module

Books of prime entry
Books of prime entry are where a transaction is first written down, before it reaches the ledger.
Journal
The journal is the book of prime entry for anything that fits in neither a day book nor the cash book.

Questions

How many rooms and questions are in The journal?

5 rooms and 43 questions. Every question is marked at once.

How long does it take?

About 42 minutes in all. A room takes 7 to 9 minutes, so you can do one at a time.

Is it free?

Yes. Every room in this module is free, and you can start with no account.

What should I do first?

Nothing. This is the first module of Journals, errors and control accounts, so you can start here.