what is the role of journal in accounts

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to work on CMA form in manufacturing compay as well as how to analysis working capital ?

1520


Explain significance of Nastro and Vastro in accounts?

3592


Is depreciation a expense or income?

1242


hello,dear any body give me mis report format. my email :kumar_ranjeet121@yahoo.in

1577


What z d diff of accounting principle,accounting standard,accounting rules,accounting procedures,accounting concepts??????

1899






Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque

1420


What problems might be encountered if there were no accounting standards?

2471


Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER

1757


Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet

1590


Difference Between Revenue & Capital Expenditure (Give an Example of each )

1664


What is Budgeted capital ?

1542


.,can someone tell me how to compute the subscribed capital share?

1837


to attend interview for real estate company accounts

1563


what is account & what is finance

1761


after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.

1862