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what is the difference between journal entry and ledger
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Answer / dhananjay
journal is a book in which all the transactions are
recorded initialy in a cronological way,without classifying
the transaction and events .
ledgers are the book which contains a classified and
permanent record of all transactions and events of a
bussiness.
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / h.r. sreepada bhagi
Journal Entry is the source through which a business
transaction or an adjustment is recorded in the books. Where
as a Ledger is an account of a specific vendor, customer,
expense, income, Capital, Liability, etc, where all entries
related that account are recorded in the order of their
entry through journal.
In Book Keeping, Journal is the source and Ledger is the
destination. Balance in all the ledger at the end of an
accounting period are taken in the Trial Balance and from
this list of account balances Profit & Loss A/c and Balance
Sheet are prepared for any accounting period.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / anil
journal is a book in this all the transactions are recorded
in chronological order.
ledges is useful to show individual accounts
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / naresh
Journal entry is a primary book/ the first book. Ledger is a secondary book where the entries are made with the help of Journal
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Answer / vinay kumar . pagidikondala
Journal means chronological record of transactions and
ledger is a book containing classified information. (
Chronological = following the order in which things occurred)
| Is This Answer Correct ? | 0 Yes | 2 No |
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