|
Answer» ____●Journal ● _____ ◆Meaning - The in which all the transaction s are recorded,as when they arise is known as Journal.
◆What is it ? - It is a subsidiary book.
◆Also book known as - Book of orignal entery.
◆Record- CHRONOLOGICAL record.
◆PROCESS- The process of recording transactions into Journal is known as Journalizing.
◆Debit and credit - Columns
____ ● LEDGER ● _____ ◆Meaning-The book which enables to transfer all the transactions into separate ACCOUNTS is known as Ledger.
◆What is it ? - It is a Principal book.
◆Also known as-Book of SECOND entery.
◆Process- The process of transfering enteries from the Journal to Ledger is known as Posting.
◆Debit and credit - Sides .
●●●HOPE IT HEPS●●●
PLZ MARK ME BRAINLIEST
|