Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between journal entry and ledger
- 5 Answers
- 8010 Views
- I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
Journal Entry is the source through which a business
transaction or an adjustment is recorded in the books. Where
as a Ledger is an account of a specific vendor, customer,
expense, income, Capital, Liability, etc, where all entries
related that account are recorded in the order of their
entry through journal.
In Book Keeping, Journal is the source and Ledger is the
destination. Balance in all the ledger at the end of an
accounting period are taken in the Trial Balance and from
this list of account balances Profit & Loss A/c and Balance
Sheet are prepared for any accounting period.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Follow up ageing balances of Debtors & Creditors and also Inventory
IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?
Tell me what is working capital?
what is inter-company transaction? what is Inter-Branch transaction?
Explain what knowledge should financial accountant have?
WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE
What is the Technology used to carry out trades? Pls Tell me as early as possible.
How to pass VAT retention entry on computer and Furniture
'Talk me through an example of how you have used data to improve your teams productivity.'
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.
What is meant by public accounting?
FROM WHERE I WILL GET PREVIOUS QUESTION PAPER OF JUNIOR ACCOUNTS OFFICER TEST OF B S N L
what is the defination of mat n calculation of mat... with example this is applicable in company or firm, pl. discribe me.....thanx ashok
informance about performance is disclosed by
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
