difference between journal or ledger?
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JOURNALLEDGERMeaningThe book in which all the transactions are recorded, as and when they arise is known as Journal.The book which enables to transfer all the transactions into separate accounts is known as Ledger.What is it?It is a subsidiary book.It is a principal book.Also known asBook of original entry.Book of second entry.RecordChronological recordAnalytical recordProcessThe process of recording transactions into Journal is known as Journalizing.The process of transferring entries from the journal to ledger is known as Posting
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dear friend,
once a transaction is recorded in the general journal , the amount are then posted to the appropriate account.
account such as ( cash, account receivable , equipment , account payable , sales , telephone , etc ) . are contained in general journal.
the account posted individual is known as ledger. it is a principal book.
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once a transaction is recorded in the general journal , the amount are then posted to the appropriate account.
account such as ( cash, account receivable , equipment , account payable , sales , telephone , etc ) . are contained in general journal.
the account posted individual is known as ledger. it is a principal book.
HOPE IT WILL HELP YOU
plzz mark me as brain list
THANKS
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