Cumulative Journal

Cumulative Journal

 

a summary bookkeeping document compiled to cover a certain fixed period, such as 24 hours, 10 days, or one month. Data recorded earlier in initial documents are gradually gathered in the cumulative journal. In the monthly shipping and sales journal, for example, demands for payment for products shipped are recorded as they are billed and are appropriately noted as paid. The cumulative journal serves a purpose similar to that of an accounting register.

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