What is the difference between Journal/subsidiary books and Ledger?
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Journal is a subsidiary book of account. It is the storehouse for recording transactions. Ledger is the permanent and final book of accounts. ... Transactions are recorded in the journal in chronological order of dates just after their occurrences.
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Journal is a subsidiary book of account. It is the storehouse for recording transactions. Ledger is the permanent and final book of accounts. ... Transactions are recorded in the journal in chronological order of dates just after their occurrences.
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