Answer Posted / h.r. sreepada bhagi
As mentioned in some of the answers above Journal (Register)
is the book of primary or original entry and ledger is the
book of final entries. Entries are first recorded through
various types of journals (General Journal, Purchase
Journal, Sales Journal, Payment, Receipt, DN, CN, etc.) and
from Journal it gets posted to Ledger.
In manual system of book keeping separate entries need to be
passed in Journal & then from there to be posted to Ledgers.
In accounting software, entries once made will be posted to
journal as well as ledger.
The name Journal Ledger is wrong as it is either Journal or
Ledger as these two are different.
| Is This Answer Correct ? | 11 Yes | 2 No |
Post New Answer View All Answers
i want report country wise with invoice number for gl account
What is the working formula for Working Capital Turnover
what is Rectification of Errors ?
Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it
Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com
Which document should be attached with purchse & sales invoice?
What is the Memorandum voucher?
What is the procedure to become charted accountant in India now. Please answer this is urgent
what are the suggestions to control NPA in rural areas?
The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed
commisiion recieved journal entry and receipt required
I want to know with example of vat & Salestax
I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim
can u let me know how the bankers calculate interest on O.D.account
how to calculate share values of a company.