Question

Is the first transaction is recorded in Ledger?​

Answer 1

Answer:

First a transaction should be recorded in journal because the journal entry is the basic record of business transaction. On the other hand, a ledger is the collection of the account, debited or credited in the journal.

Answer 2

Explanation:

First a transaction should be recorded in journal because the journal entry is the basic record of business transaction. On the other hand, a ledger is the collection of the account, debited or credited in the journal.