Sales return journal Part 7. Journal and its classification shows different types of journal in different books. It is important for large companies where hundreds and thousands of transactions take place every day. It is not possible to record all transactions in a single book. Therefore, journals are classified based on their criteria such as purchase journal for all credit purchase, sales journal for all credit sales and so on. This video explains how to prepare different types of journal. Viewers will get a thorough idea about journal and its classification after watching this series of videos such as purchase journal, sales journal, cash receipts journal, cash payment journal, purchase return journal, sales return journal, journal proper etc. Viewer can gather sufficient knowledge on cash book after watching this video.
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