Accountancy, asked by sahana2332, 5 months ago

what is ledger and journal

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Answered by hshahi1972

15

The Journal is a book where all the financial transactions are recorded for the first time.

When the transactions are entered in the journal, then they are posted into individual accounts known as Ledger.

The Journal is a subsidiary book, whereas Ledger is a principal book.

Answered by gopabandhusatpathy

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