what is the difference between journal entry and ledger
Answer Posted / 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 |
Post New Answer View All Answers
What is account receivable?
can any accountant forward format of daily or monthly mis format for accounts and finance dept!!
Do you know compound journal entry?
What is the treatment of claim settled by insurance company but still receivable in profit and loss account
Do you know partitioning in accounting?
Tell me why some asset accounts have a credit balance?
our cheque to Arshad Khan was dishonored?
Do you use social media to identify prospects?
how many view the tally backup erp9 after the tally backup in tally
What are the methods used in different industries for labor and non-labor costs in Projects.
how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
What is the difference between provision and reverse?
Explain me the difference between public and private accounting?
what is the head for stock trnasfer