what is ledger,journal,voucher.
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Answer / narasimha rao
LEDGER IS A SET OF ALL ACCOUNTS IT CONSIST OF ALL TYPE OF
ACCOUNTS PER EXP REAL , NOMINAL ACCOUNTS
WHERE THE BUSINESS TRANSACTIONS ARE FIRSTLY RECORDED THAT
IS CALLED JOURNAL
VOCHER IS A AKNOWLEDGEMENT OF TRANSACTION
| Is This Answer Correct ? | 73 Yes | 8 No |
Answer / savithri
A book in which the monetary transactions of a business are
posted in the form of debits and credits entry is called
ledger (Book in which all accounts of the business are
kept. In effect, the ledger is a classification and
summarization of financial transactions and the basis for
the preparation of the balance sheet and income statement.
The ledger also allows one to see the balance in a given
account at a particular time)
Book or place where business transactions are first
recorded in chronological order before being posted to the
general ledger accounts is called journal
A written record of expenditure, disbursement, or completed
transaction for proof
(Form used in an internal control system to contain and
verify all information about a bill to be processed or
paid. Usually the original bill is then attached to the
voucher. The voucher and bill are filed together until time
of payment.)
| Is This Answer Correct ? | 34 Yes | 6 No |
Answer / krishnaveni
Ledger;-Ledger is a set of accounts it contains all accounts
of the business enterprise it contains whether real nominal
and personal
Journal;- journal is a chronological recording of business
transactions
voucher;-voucher means any written document to support of a
business transactions is called voucher
| Is This Answer Correct ? | 24 Yes | 3 No |
Answer / shaik mohammed
Books of Accounts are categorized as primary books and
secondary books. All transactions are first recorded in the
primary books and later they are posted to secondary books.
All journals come under primary books and all Ledgers come
under the secondary books head.
Voucher is an invoice/document which is source to record
transaction in the journal books.
| Is This Answer Correct ? | 18 Yes | 6 No |
Answer / mokaram hossain
Ledger;-Ledger is a set of accounts it contains all accounts
of the business enterprise it contains whether real nominal
and personal
| Is This Answer Correct ? | 12 Yes | 2 No |
Answer / komathi
# 2 A book in which the monetary transactions of a business
are
posted in the form of debits and credits entry is called
ledger (Book in which all accounts of the business are
kept. In effect, the ledger is a classification and
summarization of financial transactions and the basis for
the preparation of the balance sheet and income statement.
The ledger also allows one to see the balance in a given
account at a particular time)
Book or place where business transactions are first
recorded in chronological order before being posted to the
general ledger accounts is called journal
A written record of expenditure, disbursement, or completed
transaction for proof
(Form used in an internal control system to contain and
verify all information about a bill to be processed or
paid. Usually the original bill is then attached to the
voucher. The voucher and bill are filed together until time
of payment.)
| Is This Answer Correct ? | 9 Yes | 4 No |
Answer / deepti
Dear All,
Ledger:- an accounting arrangement where by the entries from journal are separated into respective accounts
journal:- A chronological record of business transaction of financial nature arranged on the basis of the rules of occurrence.
voucher:- A transaction is evidence by a document called
" Voucher"
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / konga mahesh
Dear All,
Ledger:- A Set Of all Accounts it contains all account of the business
journal:- Adjustment
voucher:- A transaction Acknowledgement or evidence of document called " Voucher"
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / k.venkatesh
Ledger : The BOOK which contain on individual Account is called Ledger.
Journal :The book which all the Business Transaction First record in the books of accounts is called Journal.
Voucher: The Document which is prepare at the time of cash payment voucher and cash Receipt voucher is called Voucher.
| Is This Answer Correct ? | 0 Yes | 0 No |
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Why Copyrights,patents,goodwill etc.etc. falls under real account and not nominal or personal account? I know anything which affect trading & Profit & Loss accounts are nominal accounts.And the above do not affect the Trading or P/L accounts but on the other hand they are intangible and neither can they fall under real accounts as Real accounts are those that are not personal and they are tangible. Again in another way if we see, Patents, Copyright ,Goodwill etc. etc. kindoff acts as a representative of a person or a company like in the same way as a Bank or Company name,so they can they not fall under Personal Account??
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