Journal — Chapter Summary
NIOS · Class 10 · Accountancy
Summary of Journal for NIOS Class 10 Accountancy. Key concepts: A journal is a book, Every transaction recorded and Journalising is the process.
Interactive on Super Tutor
Studying Journal? Get the full interactive chapter.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for chapter summary and more.
Free trial, no card needed.
Overview
Journal is a book of accounts in which all day-to-day business transactions are recorded in chronological order. It is the book of first record, so every transaction is entered for the first time here before being posted to the ledger. Journal entries are prepared by identifying the accounts involve
Key Concepts
A journal is a book
A journal is a book of accounts in which all business transactions are recorded in the order in which they occur. It records transactions for the firs
Every transaction recorded in a journal
Every transaction recorded in a journal is called a journal entry. It shows the account to be debited first and the account to be credited next, along
Journalising is the process of recording
Journalising is the process of recording transactions in the journal. It follows four steps: identify accounts, recognise account types, apply debit-c
A journal has five columns
A journal has five columns: Date, Particulars, L.F., Dr. Amount, and Cr. Amount. In the Date column, the year is written only once and the month is al
The L
The L.F. column records the page number of the ledger where the two accounts are opened.
Learning Objectives
- Understand the meaning and purpose of a journal in accounting
- Learn the format of a journal and the purpose of each column
- Identify the four steps of journalising
- Recognise compound entries and their purpose
- Distinguish between Journal Proper and subsidiary books
Frequently Asked Questions
What are the important topics in Journal for NIOS Class 10 Accountancy?
How should I revise Journal for the NIOS Class 10 board exam?
Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
More resources for Journal
For serious students
Get the full Journal chapter — start free.
Quizzes, flashcards, an AI doubt solver and a study plan for NIOS Class 10 Accountancy. Free to start, no card needed.