Is ledger part of journal ???
And what is difference bw ledger and journal ?
Pls answer fast!!

Dear Student,
Here is your answer,

 You cant say that ledgers are a part of journal but these are extension to journal,
Kindly refer to these differences:









Regards.

  • 0
When it comes to business finances, using a double-entry system that makes use of both a general ledger and a general journal is the best method for checking overall statistics and keeping things running smoothly and profitably. But to understand how a double-entry accounting system, or double-entry bookkeeping works, it is first necessary to understand the different functions associated with the general ledger and the general journal.
  • 1
The journal is the first step of the accounting cycle because all transactions are analyzed and recorded as journal entries. The?ledger?is an extension of the journal where journal entries are marked by the company and its?general ledger?account based on which of the financial statements the company has prepared.
  • 1
What are you looking for?