Small doubt.......

Journal: Transactions are recoded date wise. Ledger: Using Journal we prepare ledger based on entries made. Basis of accounts means equity, asset,liability, expense,revenue That, Aâ??s Capital A/c, Furniture A/c, Bad debts A/c etc.

Swetha S

CA Inter

★ 15K+

28-Mar-22 09:29

In ledger transactions are recorded basis on accountsâ?¦.

Swetha S

CA Inter

★ 15K+

28-Mar-22 08:02

Sister Are you saying Based on personal ,real, and nominal a/cs .....

Thread Starter

Balachandar S

CA Inter

★ 59K+

28-Mar-22 08:03

Ledger is also recorded chronologically

mani charan

CA Final

★ 3K+

28-Mar-22 09:02

chronological order and Analytical order also. Explanation: Firstly, transactions are posted from Journal to Ledger. And this process is in chronological order it means we record the transactions date wise. And this is also true that it is recorded in the form of account. It maintains all transactions of same nature at one place. So, it's We can also say that Ledger records transactions in Analytical order

Harish G

CA Inter

★ 2K+

28-Mar-22 09:18

Transactions are entered in journal based as they occur on date and month - chronological Entries from journal book are posted to ledger into the respective accounts - again as per the date and month

Sudha Reddy

CA Final

★ 20K+

28-Mar-22 09:33

Thanks mam and all of you.....

Thread Starter

Balachandar S

CA Inter

★ 59K+

28-Mar-22 09:34