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what is journal and ledgers ?
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Answer Posted / anuj dangi
Journal is the first step in accounting process. It is the original book of entry in which day to day transactions are written on the basis of date. The process pf recording transactions in Journal is called "Entry".
Ledger is the second step in accounting process. It is secondary book of account as the transactions are recorded afterwards in the ledger. In ledger, transactions are recorded head wise. The process of recording transactions in Ledger is called "Posting".
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