The journal is also called:

### Understanding the Journal In accounting, the **Journal** is the first book where financial transactions are recorded in chronological order (date-wise). 1. **Chronological Recording**: Transactions are recorded as they occur, providing a historical record of all business activities. 2. **Primary Entry**: Because transactions appear here before they are posted to the Ledger, the Journal is known as the **Book of Original Entry** or **Book of Prime Entry**. 3. **Contrast with Ledger**: The Ledger is known as the **Book of Final Entry** because it is where transactions are permanently sorted into specific accounts after the journalizing process. Therefore, the correct term for the Journal is the **Book of original entry**.