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.

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.

Answer / anil

journal is a book in this all the transactions are recorded
in chronological order.
ledges is useful to show individual accounts

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

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)

Define overhead in terms of accounting?

0 Answers  

why net profit shown liabilities side in balance sheet

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sir, i m working in an ngo as accountant but new. pleas clear my doubt in tally. suppose 'a' salary is 5000. he taken 3000 advance from salary and not returned. i paid a cheque next month rest 2000. 'b' salary is 10000, taken 5000 advance from salary and returned so i paid him 10000 total salary. what all to do in tally. is the following procedure is ok or not?

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please give me information about h form and c form used for which items?

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2 Answers  

Can any one tell me about Accounting Software, which Accounting software is useful for my studies ?

1 Answers  

one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupees note the showroom executive didn't have the change so he take the change from next to his showroom's shop then he deliver the phone to customer with the change of rs 250.and customer went with both after sometime the shop owner of next to showroom who gave the change of Rs 1000 with angry and told the showroom executive that the note you give it to me is fake! so showroom executive gave him Rs1000 to him.so my(question) is how much the showroom executive faced the loss on this transaction.

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Mr. S wants to set bank reconciliation start date, from where will he activate the same Answer A. Ledger creation B. Accounting feature C. Configuration window D. Display

2 Answers  

what do you mean by profit and loss appropriation account ? what is the use of preparing it?

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