What is Ledger?
What is Journal?
Answers
Answer:
A ledger is a book or collection of accounts in which account transactions are recorded. Each account has an opening or carry-forward balance and would record transactions as either a debit or credit in separate columns and the ending or closing balance.
A general journal is a daybook or subsidiary journal in which transactions relating to adjustment entries, opening stock, depreciation, accounting errors etc. are recorded. The source documents for general journal entries may be journal vouchers, copies of management reports and invoices.
Answer:
ques:-What is Journal?
Ans:-a newspaper or a magazine, especially one in which all the articles are about a particular subject or professionwritten account of what you have done each day.
question:-What is Ledger?
Answer:-A ledger is a book or collection of accounts in which account transactions are recorded. Each account has an opening or carry-forward balance and would record transactions as either a debit or credit in separate columns and the ending or closing balance.