Why will the business use journal entries? -

help please?!!

Most journal entries are used to correct a posting error this is called a General Journal whichis a direct entry made by the accountant or bookkeeper.You also have a purchases journal which are posted to vendor accounts for invoices youare billed for and must pay at a later time.You also have a Receivable Journal for any sales made on credit to a customer in additionsome companies have a cash journal for cash sales paid by the customer when the itemis purchased.In this age of computerized systems these are still called journals but all the posting isautomatic and all related details are posted at the same time of update.Journals are the detail of transactions and in the hand system these were totaled and postedby hand and the related detail accounts were also posted by hand.A company can have unlimited journals depending on their accounting need but some haveonly one journal that everything is posted in - think of it as a daily diary that everything iswritten down in