A General Journal in Accounting.

Question

I am not the sharpest tool in the shed, and I am in a course that has basic accounting as part of the curriculum. I am really struggling to understand the concept.

In: 1

Answer 1

It’s a journal and instead of English (“Dear Diary, I paid for a $1,000 computer in cash”), it uses a standardized language of accounting. that line translates to this:

Debit – Computer $1,000

Credit – Cash $1,000

EDIT: Formatting