Journal : The book in which the transaction is recorded for the first time is called journal or book of original entry.
(i) Journalising : The process of recording transactions in journal is called journalising.
(ii) Posting : The process of transferring journal entry to individual accounts is called posting.
The book of original entry: This sequence causes the journal to be called the Book of Original Entry and the ledger account as the Principal Book of entry.
Entry process is like this:
Entry into the Journal (Journalising)
⇓
Transfer to the indivisual accounts (Posting to Leader)
(E.g: cash account, sale account, purchage account, bank account)
⇓
The journal is subdivided into a number of books of original entry as follows:
(a) Journal Proper
(b) Cash book
(c) Other day books:
(i) Purchases (journal) book
(ii) Sales (journal) book
(iii) Purchase Returns (journal) book
(iv) Sale Returns (journal) book
(v) Bills Receivable (journal) book
(vi) Bills Payable (journal) book