The purpose of a journal is to provide a chronological record of all transactions completed by the business.

Name: The purpose of a journal is to provide a chronological record of all transactions completed by the business.
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Quizplus · Accepted Answer

The purpose of a journal is to record all financial transactions in chronological order, including date, accounts involved, and amounts. It serves as the first step in the accounting process and is necessary for creating financial statements and other reports.

The Purpose of a Journal Is to Provide a Chronological