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what is the difference between JOURNAL ENTRY & LEDGER
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a journal is also called as a book of prime entry.
transactions occured are first entered in this book to show
which accounts should be debited and which should be credited.
on the basis of entries made in the journal, accounts are
prepared, the book which contains the accounts is called a
ledger. transactions entered in the journal are classified
according to their nature and posted in their respective
accounts in ledger. it is also called as book of final entry.
| Is This Answer Correct ? | 56 Yes | 5 No |
Answer / ashok m.pawar
Journal is primary entry book which shows all primary transaction first made in journal & suggest which a/c should be credited or which a/c should be debited.
on the other hand ledger is an a/c which is prepared on the basis of entries made in journals this entry also call as book final entry.
| Is This Answer Correct ? | 31 Yes | 1 No |
Answer / sravan.basa
Journal Entry:- It is a process of recording the business
transactions in the journal is known as a journalising.To
divide business trancations into two aspects and recording
in the journal is called 'journal entry'.The first aspect
is Debit secound aspect is Credit.
Ledger:- Ledger is a set of accounts.It contains all
accounts of the business enterprise whether
real,nomial,personal.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / sumit chouhan
Jornal Is The Primary Book Of Entry Where Ledger Is
Prepared With The Help Of Journal Entries.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / rahul.k.a
JOURNAL :-
* Transactions are recorded first in the journal.
* Balancing is not done in the books of original entry.
* The process of recording entries in the books of original entry is called JOURNALISING.
* There is no uniformity in the keeping of various books of original entry.
LEDGER :-
* Transactions recorded finally in the ledger.
* Transactions are recorded in an analatical manner.
* All ledger accounts are balanced.
* The process of recording entries in the ledger is called posting.
* There is uniformity in the keeping of the ledger.[ there are two equally divided sides ]
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / sudhakar
A journal entry is primary as well as, well define statement
of an account..It's make easy to trace our accounts on a
daily basis.
A ledger account is an a/c which are recorded of
particular entries in the account. We can say it is final
entry in the books of account.
| Is This Answer Correct ? | 5 Yes | 4 No |
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