Journal
JOURNAL MEANING:- The term 'journal' is derived from the french word 'jour' which means a day. Journal therefore means a day book or daily record. And since business transactions are first recorded chronologically in the journal form the 'source documents' , journal is referred to as book of original or prime entry. Essential features: (i) It is a day book or day record because it records transactions the same day. (ii) It is a chronological record book since transactions are recorded in order of their date of occurrence. (iii) It is a book of original entry.