Journal Ledger

A ledger is a
A journal is a book book where these
where detailed already recorded
descriptions of all the Both are transactions are
financial transactions two books
permanently recorded as
regarding a particular of entry.
These two credit and debit
business are recorded. Final and permanent
play a vital
Temporary book of role in the book of accounts.
accounts. accounting Every entry is
Every entry is process. recorded based on
recorded based affected account
on chronological types.
order.
Conclusion:

In this Venn diagram, you will learn that Journal

and Ledger will help you to capture both the debit
and credit sides of transactions. This is often
overlooked when companies do not use books.