what is the role of journal in accounts
- 4 Answers
- 7789 Views
- Godrej, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / manisha
Journal is the primiry books of acounts
1. Jurnal
2. Ledger
3. Trial Balance
4. Balance Sheet
Every transaction starts with an journal. Journal gives a
details of transaction i.e. accounts debited, acoount
creditied & its narration.
With the help of Jurnal only we can prepared ledger, trial
balance & then balance sheet
| Is This Answer Correct ? | 23 Yes | 2 No |
Answer / govind
it is primary book. All transcatin first entered in journal
then it transferred to ledger. The balances of ledgers are
mentioned in trail balance. From there we can preprare
balance sheet.
The above is chrological order.
| Is This Answer Correct ? | 12 Yes | 2 No |
Answer / tej prakash sati
Journal is the source to transfer the balance to one
account to other account easily and it depends on the
different accounting softwares, i.e
Tally- We can transfer the balances from GL to GL, AR to AR
& AP to AP through Journal.
Oracle & SAP- We can transfer the balances from GL to GL
without affecting AR or AP modules.
| Is This Answer Correct ? | 5 Yes | 0 No |
What is Sec 80DD in Income Tax Act
fill in the Blanks We are at obligation to pay Fringe Benifit Tax even though we are in _______________
Which Exchange determine Foreign Exchange/Currency Rate?
How the Basic salary will be fix for an employee?
What Do You Mean By A Business Event?
Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .
Expand------MRTS
Short Answer on _____________Whole Sale Trade
what is the TTD junior asst exam syllubsexam held on sep 5 th plz tell me sir
tell me about share?
why was started accounting year as on April 1st
what are the similarities between cost accounting and management accounting?
Audit 
