A general journal gives a complete record of each transaction in one place, and shows the debits and credits for each transaction.

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A general journal is a chronological record of all the transactions of a business, including the date, accounts debited and credited, amounts, and any additional explanations or references. It provides a complete and detailed overview of the business's financial activities and is used to create the general ledger and financial statements.

A General Journal Gives a Complete Record of Each Transaction