Saved Bookmarks
| 1. |
Illustration of trial balance journal and ledger |
|
Answer» tion:KEY Differences Between Journal and LedgerThe Journal is a book where all the FINANCIAL TRANSACTIONS are recorded for the first time. When the transactions are entered in thejournal, then they are posted into individual ACCOUNTS known asLedger. The Journal is a SUBSIDIARY book, whereas Ledger is a principal book. |
|