General Journal

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General Journal - All the financial transactions are recorded in chronological order where each transaction affects at least two accounts, and they must balance

Note: each entry must only contain one single transaction (source document)

Examples: Not Registered for GST

1. Shopping trip to The Office Depot - Purchased a stapler (cash/eftpos)

General Journal Example (Simple)
Date Account Debit Credit
June 30 Stationery 1,000
Cash At Bank 1,000
For the purchase of a really nice stapler


2. Shopping trip to The Office Depot - Purchased a stapler and some water for the staff room (cash/eftpos)

General Journal Example (Less Simple)
Date Account Debit Credit
June 30 Stationery 1,000
Staff Amenities 200
Cash At Bank 1,200
For the purchase of a really nice stapler and water


3. Shopping trip to
The Office Depot - Purchased a stapler and some sugar for the staff room (cash/eftpos)
The Techno Junkies - Purchased a new cable (on account)

General Journal Example (Less Simple)
Date Account Debit Credit
June 30 Stationery 1,000
Staff Amenities 200
Cash At Bank 1,200
For the purchase of a really nice stapler and water
June 30 Computer Expense 400
Accounts Payable 400
New computer cable

Examples: Registered for GST

1. Shopping trip to The Office Depot - Purchased a stapler (cash/eftpos)

General Journal Example (Simple)
Date Account Debit Credit
June 30 Stationery 1,000
Cash At Bank 1,000
For the purchase of a really nice stapler


2. Shopping trip to The Office Depot - Purchased a stapler and some water for the staff room (cash/eftpos)

General Journal Example (Less Simple)
Date Account Debit Credit
June 30 Stationery 1,000
Staff Amenities 200
Cash At Bank 1,200
For the purchase of a really nice stapler and water


3. Shopping trip to
The Office Depot - Purchased a stapler and some sugar for the staff room (cash/eftpos)
The Techno Junkies - Purchased a new cable (on account)

General Journal Example (Less Simple)
Date Account Debit Credit
June 30 Stationery 1,000
Staff Amenities 200
Cash At Bank 1,200
For the purchase of a really nice stapler and water
June 30 Computer Expense 400
Accounts Payable 400
New computer cable