What is Ledger in Accounting?
Meaning of Ledger The term Ledger has been derived from the Dutch word “legger” which means “Ly”. Ledger is a book maintained to prepare different ledger a/c’s. After the preparation of the Journal Entry, we prepare a Ledger account. It is prepared to identify separate heads i.e., a separate account for each head. A ledger […]
A Beginner’s Guide to Journal Entries
What is Journal Entry? The word Journal has been derived from the French word ‘Jour’ which means a ‘day’. A journal entry is the first step in the accounting cycle. Journal is a book of original entries where transactions are recorded chronologically from the source documents like bills, receipts, and vouchers on a day-to-day basis. […]