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What is the difference between Journal and Ledger ?

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Question added by Nasrat Ali Shaikh , Finance Head , Al Jood Trading & Contracting Co. LLC
Date Posted: 2017/11/12
Jason Coria
by Jason Coria , Accountant , Bayer Business Services Philippines Inc.

Journal is a book of prime entry while Ledger is an accounting book of final entry where transactions are listed in separate accounts.

KAMALUDEEN SHAMSUDEEN
by KAMALUDEEN SHAMSUDEEN , Accountant , Tamimi Markets Company

1. Journal is the primary book of account Ledger is the secondry books of accounts

2. TB can be prepared using the Journal Balance sheet can will be prepared by Ledger.

3. Entries wil be posetd in Journal transaction will be reflected in Ledgers.

shaji palakkat
by shaji palakkat , Senior Accountant , M/S: Peekeyem Construction Private Limited

journal- considered the initial entry of business transactions,                                  ledger- record for balancesheet and income statement transactions

farag gouda elsayed
by farag gouda elsayed , accountant , التراث

1. Journal is a book of accounting where daily records of business transactions are first recorded in a chronological order i.e. in the order of dates.

2. A ledger is an accounting book in which all similar transactions related to a particular person or thing are maintained in a summarized form.

Pankaj Pandya
by Pankaj Pandya , VAT , M/s. Tridel meteorolgy project contracting LLC

Journal is a book where we passed journal entry of some adjustment , exps netyr etx 

Ledger is keeping shows account  balances  and transacation.

 

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