How does the journal differ from the ledger, Accounting Basics

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How does the journal differ from the ledger

Response to the following questions:

1. Why is the journal called a book of original entry?

2. How does the journal differ from the ledger?

3. What is the purpose of providing a ledger account for each account?

4. List by account classification the order of the accounts in the general ledger.

5. What does cross-referencing mean in the posting process?

6. Why is a source document important? List some examples of source documents.

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Accounting Basics: How does the journal differ from the ledger

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Accounting Basics: How does the journal differ from the ledger

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