The journals are not essential, but useful when the number of transactions is large and complex. This journal is for recording all redemptions of shares. Fill in every redemption each day into the journal and then "post" the transaction at the end of the day or the end of the week into the member's register. The money can be checked against the bank records and then you have a record to audit the member's register against. Australian company record.
Journal for recording all redemptions of shares.