Journal is a book in which the transactions are recorded last of all, as and when they take place

The Importance of Keeping a Journal in Accounting. A journal entry is the record of a balance-sheet  transaction entered into a journal.

Accounting process starts with the identification of financial transactions of a business. These books of accounts are called journal. The journal is an important book under the double-entry system. Journal is the first book of systematic record of the financial transactions of the business.

A journal is a detailed account that records the general ledger of  the financial transactions of a business, to be used for future reconciling of and transfer to other official accounting records.

In accounting and bookkeeping, a journal is a record of financial transactions of assets  in order by one year.