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1. What is the relationship between …

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1. What is the relationship between journal and ledger? 2 . Why it is said where book keeping ends accounting begins?

Posted by Bhawika (Yogi ;Yogita; Yogu) Bora 6 years, 5 months ago

CBSE > Class 11 > Accountancy

4 answers

Bhawika (Yogi ;Yogita; Yogu) Bora 6 years, 5 months ago

Thnx for ur answers Helped alot Sia &yogita??

Bhawika (Yogi ;Yogita; Yogu) Bora 6 years, 5 months ago

Ok But we have to write one or two lines answer in the above question so plzz anwer in 1or2lines Plzz

Sia ? 6 years, 5 months ago

The Journal is a book where all the financial transactions are recorded for the first time. When the transactions are entered in the journal, then they are posted into individual accounts known as Ledger. The Journal is a subsidiary book, whereas Ledger is a principal book.
Bookkeeping is responsible for the recording of financial transactions. Accounting is responsible for interpreting, classifying, analyzing, reporting and summarizing financial data.

Yogita Ingle 6 years, 5 months ago

Journal	Ledger
It is the original book	It is the book of final entry
It is the book for chronological order entry	It is the book for analytical record entry
It is the book of source entry which has greater legal evidence	It has lesser legal evidence
Transaction is the basis of classification of data within the journal	Account is the basis of classification of data within the ledger

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