NAME: KWAGHGBA BONIFACE TERKIMBI
REG. NO: 66288080BJ
DEPARTMENT: BUSINESS ADMINISTRATION
COURSE OPTION: B.Sc BUSINESS ADMINISTRATION
- The Journal is a book where all the financial transactions are recorded for the first time. When the transactions are entered in the journal, then they are posted into individual accounts known as Ledger.
- The Journal is a subsidiary book, whereas Ledger is a principal book.
- The Journal is known as the book of original entry, but Ledger is a book of second entry.
- In journal, transactions are recorded in chronological order, whereas in ledger, transactions are recorded in analytical order.