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what is day book and how it is different from ledger
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Answer / vikas
Day book means where we keep records of daily transactions
whatever we receive n paid & in ledger we keep record of a
particular client.
| Is This Answer Correct ? | 51 Yes | 9 No |
Answer / lal
day book is a book where the day to day transactions are
entered or recorded
| Is This Answer Correct ? | 31 Yes | 1 No |
Answer / amit
Day book is a book where the day to day entry is time to
time and show every transactions show in one book
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / mitesh raval
The Day Book lists all transactions made in a particular day
and by default displays the last voucher entry date of a
regular voucher. It could also be set up to list all the
transactions made over a certain period.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / prashant
day book is the book in which we keep record of transactions on daily basis.In ledger we keep record of particular transactions.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / v.balreddy
Day book is a book wher we are enter in the transaction
first time in book is called DAY BOOK
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / paddy saini
day book is a accounting book of original entry in which transactions such as sale and/or purchases are entered on the day they occur for later posting to the appropriate ledger(s)
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / satyaki_raju@yahoo.com
Day book is the book which we use to record day today
record,but Ledger is a book in which we keep clasified data
| Is This Answer Correct ? | 13 Yes | 17 No |
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
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