why do the transactions are entered in a journal rather than straight into ledger?
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2
Answer:
The primary purpose of the general ledger is to record and classify the information found in the general journal. The general journal keeps a chronological account of each financial transaction that takes place but does not usually separate these into different types of transactions.
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Explanation:
A transaction is entered in a journal before it is entered in ledger accounts. Because each transaction is initially recorded in a journal rather than directly in the ledger, a journal is called a book of original entry.
- Because of each transaction is initially recorded in a journal.
- Rather than directly in the ledger.
- Further, a journal forms the basis for posting the transactions into their respective accounts into ledger.
A journal is called a book of original entry.
So Cuz of each transactions is done initially that is recorded in journal , rather than directly in ledger.
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