Page 19 - MAZOO EBOOK 1_Neat
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Journal - In accounting and bookkeeping, a journal is a record of financial transactions in order by

                   date. Traditionally, a journal has been defined as the book of original entry. The definition was more


                   appropriate when transactions were written in a journal prior to manually posting them to the

                   accounts in the general ledger or subsidiary ledger.


                   Returns outward Journal - Return outwards are goods returned by a customer to the seller. They


                   are goods which were once purchased from external parties, however, because of being

                   unsatisfactory they were returned back to them, they are also called Purchase returns.
































                   Cash book - The cash book is used to record receipts and payments of cash. It works as a book of

                   original entry as well as a ledger account. The entries related to receipt and payment of cash are

                   first recorded in the cash book and then posted to the relevant ledger accounts. Moreover, a cash


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