What does GJ stand for in accounting?

• A. General Journal
• B. General Ledger
• C. Gross Journal
• D. Global Journal

Answer: (A)

GJ stands for General Journal, the initial book of entry in double-entry accounting. The General Journal is where each transaction is recorded in chronological order with the appropriate debits and credits and a brief description. This step captures the details before they are posted to the General Ledger, which organizes amounts by account to show balances. The General Ledger is where you see the accumulated balances, while the General Journal is the recording of individual events. There isn’t a standard term like Gross Journal or Global Journal in normal accounting practice. For example, when you buy supplies on credit, you would record a debit to Supplies and a credit to Accounts Payable in the General Journal.