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Kinsley Newton
@newtonkinsley 25, May 2023 12:00 AM
the difference between a journal and a ledger
What is the difference between a journal and a ledger?
answers 1
Answer 1
Orion Bell
@bellorion71 31, May 2023 01:05 PM
The journal is a book where all the financial transactions are recorded for the first time. The ledger is one that has particular accounts taken from the original journal. So in layman’s terms, journals are the raw books that play a pivotal role in preparing the ledger. This gives us a second conclusion that if you wrongly prepare a journal, your ledger will also be faulty.