A journal is a detailed record of financial transactions. In the realm of accounting, it’s often the first step in the accounting process. All transactions are initially recorded in a journal in chronological order before being transferred to the appropriate ledger accounts. This sequential recording helps to maintain accurate financial records and provides a chronological

The Japanese yen (JPY) is the official currency of Japan. It’s one of the most traded currencies in the foreign exchange (forex) market, representing a significant portion of daily trading volumes. Understanding the Japanese yen is essential for forex traders due to its influence on global financial markets. Key Takeaways: Economic Factors and Monetary Policy