Journal-Ledger Discussion Forum

How much important journal ledger?

How much important journal ledger?

by M R Khan Dipu 191-35-393 -
Number of replies: 1
Usually, businesses will keep both a journal and a ledger for accounting purposes. The purpose of the ledger is to track broad trends and overall shifts in funds while the importance of the general journal in accounting is to keep track of each individual event.
In reply to M R Khan Dipu 191-35-393

Re: How much important journal ledger?

by Lamia Akther Urmi -


accounting journal ledger is a bookkeeping journal that should be used daily to record all transactions.  Just like a personal journal that records what happens in one’s personal life, an accounting journal records what happens in the daily life of the business.