explain the difference between journal and ledger account.
Answers
Answered by
3
Answer:
The key difference between Journal and Ledger is that Journal is the first step of the accounting cycle where all the accounting transactions are analyzed and recorded as the journal entries, whereas, ledger is the extension of the journal where journal entries are recorded by the company in its general ledger account ...
Answered by
5
Question⤵
explain the difference between journal and ledger account.
Answer⤵
The key difference between Journal and Ledger is that Journal is the first step of the accounting cycle where all the accounting transactions are analyzed and recorded as the journal entries, whereas, ledger is the extension of the journal where journal entries are recorded by the company in its general ledger account.
Hope it helps you ☺
Similar questions