what is journal and ledgers ?

Answer Posted / madhuri.a

Jounal is a prime entry.
While coming to Journal----------

1.Purchases Book.
2.Sales Book
3.Bills receivable.
4.Bills Payble.
5.Purchase register.
6.Sales register.
7.Journal Proper.
8.Cash book:-
a.Single Column cash book
b.Double column cash book
c.Threeble column cash book.
d.Petty cash book
e.Bank Reconciliation Statement.

Leder is a final entry.Under Ledger...
1.Sundry Debtors Ledger
2.Sundry Creditors Ledger
3.General Leder.

Is This Answer Correct ?    69 Yes 19 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

wages posted twice what is the entry for that?

1922


i have one question.when using fbra for reset clearing,message exchange rate different was posted and i have do reversalon the same time using fb08 but unfortunately i' m not authorize to use this transaction.my collegue only have.so how should i do.please advise

1819


what is book profit

1734


Short Answer on __________Trade

1460


what is data entry? what is report generation ?in accounting how it is used .

1839






cost accounting process

1527


EXPAND___________NPO

1481


Please do tell me about the questions which are asked at BACS FINAL ROUND.

1700


You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6

1042


In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

3598


How do we return the loan in equal installments with interest in tally

1670


what is waybill key number & how can it be issue?

1841


EXPAND_________SEC

1786


What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?

1811


differed tax liability

1478