Scribd
Upload
103 views

Assignment On Journals

Journals can be used as diaries to record personal thoughts and events, as newspapers or magazines to publish articles and information, or as transaction records to document business dealings in chronological order. As diaries, journals help with reflection, planning, and creative expression. As publications, they disseminate current news, research, trade information, and more, though some lack peer review. As transaction records, journals document debit and credit amounts between accounts in a standardized format before posting to ledgers.

Uploaded by

Ziya
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
103 views

Assignment On Journals

Journals can be used as diaries to record personal thoughts and events, as newspapers or magazines to publish articles and information, or as transaction records to document business dealings in chronological order. As diaries, journals help with reflection, planning, and creative expression. As publications, they disseminate current news, research, trade information, and more, though some lack peer review. As transaction records, journals document debit and credit amounts between accounts in a standardized format before posting to ledgers.

Uploaded by

Ziya
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 15

Topic of Assignment :

Journals
The literal meaning of
Journal is a diary, A
newspaper or book of
record transaction .
JOURNAL AS A
DIARY
The book of blank papers we write on it, but it's a book we write our
thoughts on it. We write our thoughts as a simple writing or for fun.

Types of diary writing

1. For fun
2. For daily events
3. for reflect own self
4. For future planning

In Journal diary we write our thought . We write


about our daily events and documents our ideas .

For fun journals we write our own ideas .it helps us for
imaginative and creative

For daily events we write our daily events like who we talk,
which food is my favorite, what I broke etc.

2
In reflective journals we wrote about ourselves. We write our
thoughts, feeling and events. And reflect on it

For future planning we write our planning for future reference.

JOURNAL AS A
NEWSPAPER
Journals are used as advertisement, scientific report or for publishing a
book which can be a type of novel or informative book

 As an advancement,
 Publishing a book a book which can be any type of book which
can be an informative book R for fun

By publishing a Journal we have to go through following access

 limited access journals


 Open access journals
 Predatory journals

3
In limited access journals publisher will nap pay for publishing
it’s journals but reader have to pay some price for reading it.it
has intense peer-review.

In open access journals readers doesn’t pay price for reading. Its
free for access but publisher have to pay for publishing. It also
have intense peer-review.

In predatory journals review process is not available. May or


may not free.

Types of journals

 Academic/scholarly
journals
 Current affairs/opinion
magazine
 Popular magazine

Academic scholarly journals The


purpose of academic’s journals is
to inform report and make
available in original research an
new findings they have intense

4
peer reviewed dear access our own
mainly held in Liberty libraries

Trade journals there purpose to


report on an industry trans new
products our techniques 2 people
in a specific trade business or
profession their subject to cover
practical information Related to a
field. They do not have peer-review
process. Mainly held in
subscription-base database.

Current affairs/opinion magazine


there purpose is to offer in-depth
reporting and feature article
Without scholarly conversation.
Cover a wide range of topic of
interest to the readership they

5
have no peer review they have no
peer review process. Many titles
available from major newsagents
public libraries and some University
libraries

Popular magazine their purpose is


to entertain an informed without
providing in depth analysis

They often focused on a particular


subject our hobby but may also
cover a variety of topics they also
do not have peer review process.
available in supermarkets and
newsagents

Newspapers are to disseminate


news on a daily or weekly basis

6
Encompass current events in
politics support, leisure, religion
and business . They also have no
peer review process available in
newsagents

Journal as a
transaction
record
In Journal book we record
transaction in their chronological
order . The process of recording
transaction in a Journal is known
as ‘Journalisation'. The entry

7
record in this book is ‘entry
journal’. Journal is the book of
primary entry in which we record
all transactions before posting
them into the ledger.

Before start a transaction Journal,


Documents for the transaction
record must be available. the
transaction

between two person or more


person in business is called
business transaction.

Format for Journals transaction

Date Particular L. Debit Credit


F record(D. record(C.
R) R)

8
Usually

There are five column in journal


transaction

Steps:

 Date
 Particular
 L.F
 Debit record
 Credit record

Date :

9
The ‘Date’ column shows the date
of transaction. It should be noted
that all the transactions are to be
recorded in the journal in the
chronological order.

Particulars

In ‘Particulars’ column, the


accounts which are to be debited
and credited are written. The
account to be debited is written in
the first row following the word
towards the end of the row.
Leaving sufficient margin on the
left side in the next row, the
account to be credited is written
and prefixed with the word ‘To’. A
brief description of the transaction

10
is written below the credited
account. This description prefixed
with ‘Being’ or ‘For’, is known as
narration and is given in the
brackets after writing these two
types of accounts.

Ledger Folio (L.F.):

Folio means page and the ledger


folio means page number of ledger.
In this column, page number of
ledger on which debit and credit
items are posted is written. In
practical accounting, this column is
very useful for cross-checking and

11
auditing the accounts of an
enterprise.

Debit record:

In this column, the amount of the


debit account is written. At the top
of this column, the unit of
measurement of monetary
transactions written.

Credit record:

In this column, the amount of the


credit account is written. At the top

12
of this column, the unit of
measurement of monetary
transactions written.

Benefits of
writing journals
 Writing journals help us
improve our writing speed
 It helps us organize our
thoughts
 It help’s to plan future events
 It helps us reflect on
ourselves, what we did and
shouldn’t done. It help us to
improve our selves
 Newspaper journals help us
Daily News related to current

13
affairs in politics, support,
business etc
 Magazines help us inform
specific trade and a new
product.

Disadvantage
of writing
journals
 Writing Journals may take
Most of our daytime.
 Writing journals may become
addictive
 By writing our daily events on
a diary may not be safe as it

14
can Leak some important
information.
 magazines may effect
immature minds of a person
 Reading magazines waste
time
 transaction record journals may
not be safe for documentary
transaction record
 As the number of transactions
become large, journal become
bulky and voluminous
 Journal doesn’t provide
information on prompt basis
 Cash transaction is recorded in
cash book so it is useless in
journal recording.

15

You might also like