Question

conclusion of journal ledger and trial balance trading and loss account balance sheet and partners capital​

Answer 1

Answer:

A Journal entry in accounting is a log of transactions consisting of debits and credits to record a transaction to be recorded into the General Ledger

A General Ledger account is an account used to store balance sheet and income statement transactions. Examples: Cash, Inventory, A/R, AP

Trial Balance is the list of all general ledger accounts contained in your business with a Beginning Balance, Debit/Credit , Ending Balance

So to put it in real world practice. Every month in your business you will record monthly Journal Entries into your G/L and then you will run a Trial Balance to check the status of the accounts.