You can distinguish the 7 Journal types when you use this FREE poster during study time.
It is very frustrating to do an entire accounting question and then find out that you have posted numerous items to the wrong Journal types.
Students should spend some time learning how to allocate transactions to the respective Journal types before diving into questions that are long and tedious.
The 7 Journal types are:
1. Sales Journal records goods for resale on credit
2. Purchases Journal records goods for resale on credit
3. Returns Inwards Journal records goods for resale on credit
4. Returns Outwards Journal records goods for resale on credit
5. Cash Book records all cash transactions
6. Petty Cash Book records all small cash transactions
7. General Journal records non cash and non goods for resale transactions
This FREE poster will help you to learn the 7 Journal types quickly so that you can spend your study time learning the difficult topics. This poster will prepare you to do homework better, pass exams or do basic accounting for a small business.
How to learn 7 Journal types with this FREE poster
When you download this free poster to learn the 7 Journal types, you can print the document on paper size 8.5×11 inches, landscape orientation.
Stick the poster on the wall of your study area to learn the 7 Journal types. Whenever you are doing an accounting question, make sure to look up and check your poster for guidance.
Eventually, you would not have to look at the poster again because you would learn the Journal types so well that the information would be stuck in your memories.
Download free poster and learn Journal types
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