Accountancy, asked by oOfRiEnDsHiPoO, 5 months ago

why do the transactions are entered in a journal rather than straight into ledger?​

Answers

Answered by kanakamkrishnaveni9
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.

Answered by Anonymous
13

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.

Similar questions