NRS-20096 | Journal [Culcairn Shire Council]

This series is comprised of volumes of Journals from the Culcairn Shire Council. These Journals include information from various different funds, including: the General Fund, Trust Fund, Culcairn Sanitary and Garbage Fund, Henty Sanitary and Garbage Fund, Walla Walla Sanitary Fund, Henty Street Lighting Fund, Temporary Loan, and the Henty Loan Fund. Information recorded for each of these funds includes: date, particulars (such as sundries, general balances, working expenses and salaries), posting folio, detail, debits and credits.The purpose of journals in the accounting system was to chronologically record payments other than cash (except for the cash payment and receipt journals). The journal was a book of original entry. Each entry involved two accounts a debit and a credit, which was considered a “balanced” Journal entry. At regular intervals journals entry were posted to the ledger. General Journals were maintained to record specialist transactions such as transfers from one account to another and to correct errors.