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Journal (4)
JOURNAL (4)

Definition: (finance) A book in which financial records of different types are kept.
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* All seven elements should be in.


1. Purposeful and necessary to have record.

2. Printed or created as will be appropriate.

3. Pages and pagination will be correct and adequate.

4. Entries (= financial records) will be clear and legible.

5. Details and information will be complete and true.

6. Accessible to the auditor, taxman, etc., if ...

7. Serves purpose(s), whatever this/these is/are.
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See perfect CREATIVE ACCOUNTING.

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