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CBSE Class 11-commerce Answered

State any four points of difference between journal and ledger account.
Asked by Topperlearning User | 15 Jun, 2016, 02:28: PM
answered-by-expert Expert Answer

Journal

Ledger

It is the original book

It is the book of final entry

It is the book for chronological order entry

It is the book for analytical record entry

It is the book of source entry which has greater legal evidence

It has lesser legal evidence

Transaction is the basis of classification of data within the journal

Account is the basis of classification of data within the ledger

 

Answered by | 15 Jun, 2016, 04:28: PM
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