Tell me what is the difference between journal entry and a ledger?
Submitted by: MuhammadThe book which has the original entry is called a journal. The book is mandatory one as it has all the transactions that associate to the company for the specific financial year. The journal can also be mentioned as the mother of the ledger. In this scenario, all the accounts are portioned as debit and credit as per rules. The ledger is one which has particular accounts which is taken from the original journal.
Submitted by: Muhammad
Submitted by: Muhammad
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