In page navigation
A book-keeping term for the book in which details of all purchases are first entered. Under the double-entry book-keeping system, the information is afterwards transferred to the personal and general ledgers. The journal gives the name of the purchaser, a description of the goods, the date of purchase, the price charged, trade discounts, etc. Nowadays it is common for these journals to be kept mechanically; they may perhaps be no more than a copy of invoices issued, the journal being the backing sheet against which the invoices are typed or otherwise prepared.
Reference: The Penguin Business Dictionary , 3rd edt.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >