What is Accounting Journal? Definition and Meaning
Accounting Journal is the first step of accounting cycle that records of financial transactions in order by date according to debit and credit.
7 Different Types of Journal Book
7 types of journal books are maintained in accounting for the convenient keeping of accounts and recording transactions of similar nature. Under the double-entry system, there are mainly 7 different types of journal in accounting. Transactions are primarily recorded in the journal and thereafter posted to the ledger. It is difficult to find out effects…
18 Differences between Journal and Ledger
Main difference between journal and ledger is that; the business transactions are at first recorded in the journal and then these transactions are permanently posted in the ledger.