General Journal: Meaning And Definition - SS1 Accounting Lesson Note

The general journal is a record-keeping book that contains all the company's financial transactions in chronological order. It is a book where all the company's financial transactions, including debits and credits, are recorded before they are posted to the appropriate ledger accounts. 

The general journal records transactions that cannot be recorded in any other subsidiary journals, such as adjusting entries, opening entries, and closing entries. The purpose of the general journal is to provide a complete record of all the company's financial transactions, so that they can be analyzed, posted, and used to prepare financial statements. 

The general journal is an important accounting tool used by accountants to keep track of a company's financial transactions and to ensure that all entries are properly recorded and accounted for.