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Answer Posted / suhasini modagi
journal is a primary book of recording the day to day
transactions . generally it is just go on entering the
transaction as soon as events takes place
Ledger is a systematic manner of Segregating transactions
and entering the transactions i.e
1) Purchase of Goods---Purchase A/c
2) Sale of goods-------Sales A/c
3) Purchase Return means--Purchase return
4) cash/bank --------contra a/c etc.....
plz rectify
| Is This Answer Correct ? | 52 Yes | 7 No |
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