what is the role of journal in accounts
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Answer / manisha
Journal is the primiry books of acounts
1. Jurnal
2. Ledger
3. Trial Balance
4. Balance Sheet
Every transaction starts with an journal. Journal gives a
details of transaction i.e. accounts debited, acoount
creditied & its narration.
With the help of Jurnal only we can prepared ledger, trial
balance & then balance sheet
| Is This Answer Correct ? | 23 Yes | 2 No |
Answer / 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 |
Answer / tej prakash sati
Journal is the source to transfer the balance to one
account to other account easily and it depends on the
different accounting softwares, i.e
Tally- We can transfer the balances from GL to GL, AR to AR
& AP to AP through Journal.
Oracle & SAP- We can transfer the balances from GL to GL
without affecting AR or AP modules.
| Is This Answer Correct ? | 5 Yes | 0 No |
WHAT DO WE MEAN BY CURRENT ACCOUNTS SEPARATE FROM SAVINGS ACCOUNTS.
what is the role of journal in accounts
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