In this article, we have provided the Question wise solution to all Questions of Chapter No. 5 – Journal – USHA Publication Class +1 – Solution But first of all, we have explained the meaning of Journal: –
What is the Journal?
Accounting Equation is the basis of the double-entry system of accounting. The double-entry system means every business transaction has two aspects one is the Debit and another is the Credit. Example: – If we want to buy something like coke, pizza or burger we have to pay cash for these items, So in this transaction, we are receiving food and paying cash which means we are doing two jobs, that is why it is called double-entry system.
Definition of Journal: –
“The process of recording a transaction in a journal is called journalizing the transactions.”
—Meigs and Meigs and Johnson
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Chapter No. 5 – Journal – USHA Publication Class +1 – Solution
Question wise solution of the all Questions of Chapter No. 5 – Journal – USHA Publication Class +1 – Solutions are shown below: –