Accountancy, asked by poojak60, 20 days ago

what is the difference between journal and ledger​

Answers

Answered by vineet200224
1

Explanation:

The key difference between Journal and Ledger is that Journal is the first step of the accounting cycle where all the accounting transactions are analyzed and recorded as the journal entries, whereas, ledger is the extension of the journal where journal entries are recorded by the company in its general ledger account 

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Answered by realanshuu
35

Answer is :

The key difference between Journal and Ledger is that Journal is the first step of the accounting cycle where all the accounting transactions are analyzed and recorded as the journal entries, whereas, ledger is the extension of the journal.

Additional :

Where journal entries are recorded by the company in its general ledger account ...

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