Name of all 5 journal types says its usage itself.
situation type is used for closing year and transferring balance to new year.

In journal view field you can select fields of account entries and those fields 
will be displayed when you open entries of that journal.

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OpenERP=Easier, Adaptable, Affordable, Modular




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http://www.openobject.com/forum/viewtopic.php?p=42178#42178

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