Question

journal and ledger ​

Answer 1

Answer:

here is the answer....

Answer 2

Journals are usually initial accounting boos where all the daily or regular records of all business transactions are registered.Ledger is an accounting book which consists of all the similar transactions pertaining to a particular individual or item.

Explanation:

• Journal is often called the primary book of accounting as it is the book of primary or first entry.Ledger is called the principal book of entry as it is used as final entry.
• Journals are prepared based on transaction proofs such as bills,receipts,vouchers etc.Ledgers are prepared based on the information entered on Journals.
• The transactions in a journal does not have to balanced but all the ledger transactions have to be balanced as final entry.
• The process of entering transactions into journals is called Journalizing and the the same process is called Posting in the case of ledger.