Question

Should a transaction first recorded on ledger or journal why

Answer 1

Transactions are always recorded firstly in journal. Journal is that book of accounts in which transactions are recorded first and then posted in ledger.

Journal is the day to day book it records daily basis transactions in systematic transactions. It is also called primary book as records transactions very firstly in systematic manner.

After the journal, ledger is prepared


Hence transactions first recorded on journal and then ledger