what is the main difference between journal and ledger?
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Key Differences Between Journal and Ledger
The Journal is a subsidiary book, whereas Ledger is a principal book. The Journal is known as the book of original entry, but Ledger is a book of second entry. ... Conversely, in the ledger, the transactions are recorded on the basis of accounts.
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Key Differences Between Journal and Ledger
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. The Journal is known as the book of original entry, but Ledger is a book of second entry.
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