Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between ledger and journal?
- 3 Answers
- 11148 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Journal is a book of primary entry, where as Ledger is a
book of secondary entry. All transactions are entered
through journals by type such as Purchase Journal, Sales
Journal, Payments, Receipts, Debit Notes, Credit Notes,
General Journal, etc. These transactions are then
transferred to Ledger which have full all transaction
details for each revenue(income) A/c, Expense A/c, Customers
A/cs, Vendors A/cs and all Assets & Liabilities A/cs.
In manual system of accounting, transactions are entered in
journals first & from there they are posted to concerned
ledger accounts. Where as in computerised accounting system,
transactions are getting recorded in journals & ledgers
simultaneously.
| Is This Answer Correct ? | 22 Yes | 2 No |
Answer / hasan khan
Ledger is a summarise record of a specific account, while
journal is a day to day transactions record.
| Is This Answer Correct ? | 12 Yes | 10 No |
Answer / mohan
journal is a starting point of ledger where we we can see
all tranjactions of the f.y
| Is This Answer Correct ? | 2 Yes | 0 No |
Classification of Errors as per Accounting
How to pass advance entry in tally, and how it should adjust against future invoice.?
what is the meaning of Bills Receivable?
is goods in transit will be liable for entry tax ?
cheque deposit is a contra entry?
What steps would you take before approving an invoice for payment?
Dear Sir, We are running a security agencies (Man power Service Provider)we bought security uniform from our vendor. please suggest us, we may make entry through Purchase Entry or Journal Entry what is suitable for accounting ???
What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?
WHAT IS THE ENTRY TOWARDS PAYMENT OF A BRNAD AMBASSADOR OF A COMPANY
10 Answers Hindustan Unilever Limited, HLL,
What is the accounting treatment for goods taken from business for office use
whtat is suspenses account
What is Reserve & Surplus? Plz give me with some Example.
10 Answers Bank Of India, Genpact, iGate,
Audit 
