What is a journal entry? What is the difference between entries in a general journal versus a general ledger? What is a general ledger account? What is a journal? What is a general ledger? Related In-Depth Explanations Accounting Basics Bookkeeping Debits and Credits Mark the Ques...
The amounts and balances in the general ledger accounts are used to prepare the company’s financial statements. Example of General Journal and General Ledger Assume that a company depreciates its equipment at a rate of $10,000 per year. In the general journal the company enters the ...
更新1: Can you give me examples to detail the general journal entries and general ledger?Are someones current account,bank account, capital account general ledgers? Or what things can be general journal? Profit Distribution Statement (Profit appropriation account)?e..,general ledger is...
Ledger An accounting journal as a physical object; He bought a new daybook Account Importance; worth; value; esteem; judgement. Account Authorization as a specific registered user in accessing a system. I've opened an account with Wikipedia so that I can contribute and partake in the project....
What is the difference between journal entry and general ledger? Describe the major differences between liabilities and owners' equity. Explain how stocks and bonds impact the calculation of the debt-to-equity ratio. Describe the two distinct obligations incurred by a corporation when issuing ...
What is the main difference between revenue and expense in accounting? What do you understand by the term outside accountant in accounting? What is the difference between an accrual and a deferral? What is the difference between the sales journal and the accounts receivable master file?...
A diary is a daily record of personal experiences and thoughts, while a journal can be a broader record of observations, ideas, or events without a strict daily requirement. Difference Between Diary and Journal Table of Contents ADVERTISEMENTKey...
we know the ledger but what is difference between ledger and general ledger. Was this answer useful? Yes Replykk Apr 20th, 2006 Ledger is a short form for the General Ledger. However,some people prefer to call the sub-ledger as the ledger and the general ledger as 'GL' Was this ...
At the same time, they contain and control each other. The cashier's cash and bank journal accounts relate to the General Ledger's cash and bank deposit general ledger, the general ledger and its subsidiary ledger, the securities account in the subsidiary ledger and the corresponding securities...
Adjustments are made using journal entries that are entered into the company’s general ledger. What Are Examples of Accounts Payable? Accounts payable refers to any current liabilities that are incurred by companies. Examples include purchases made from vendors on credit, subscriptions, or...