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What is the difference between journal and cashbook journal and what is general ledger?

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Question added by lesiba mara
Date Posted: 2017/07/06
Albina Rayes
by Albina Rayes , Accounts Payable Specialist , Valaris plc

The ledger is where information about all accounts is kept. In order for the information to get to the ledger it must be posted from journals.

General journal contains records about all transactions of an entity.  The journal includes such data as the event date, accounts involved, explanations and amounts.

Cashbook journal includes information on cash transactions only.

 

Bilal Noor
by Bilal Noor , Senior Accountant , Ibrize Al Sharq

Journal is the intial book of entry contain all type off transactions while the cash book jouranl contain the recoed of all financial transaction loke reciepts and Payments.

Genral Ledger is the account which contain all transaction record of company loke asset ,libility,owner equity, revenue ,expenses

Nazaf Najeeb Akkarakkaran
by Nazaf Najeeb Akkarakkaran , Accountant , Sky Gold & Diamonds

Journal includes every transaction But cash book journal incudes only cash transactions. General ledger is the book of accounts classified on the basisofaccount name and it records all transaction related to an accounts in the respective account ledger.

SAMSHEER KARATTUCHALI
by SAMSHEER KARATTUCHALI , accountant

Cash book is a Records all kind of Cash Receipts and Cash payment which is periodically reconcile with the Cash In hand where as General ledger is record of all balance sheet and P/L transactions.

Cash book is a form of journal mostly used to control receipts and payments of cash. It works as a ledger of cash and bank.The cash book deals with only transactions occurred in cash or by bank and for small transactions, petty cash book is maintained.

When general journal is the form of mixtures of all transactions cash, credit, adjustments, discounts and goods returns and some special journals like cash receipt journal, cash payment journal, sales journal, sales return and allowances journal and purchase journal, purchases return and allowance journals support to general journal.

Suman  kahar
by Suman kahar , Accountant , Ayush Builders

Journal is considered the initial book of entry & Cash book journal  is a financial journal that  contains all cash receipts & payment  General ledger help create a double-entry bookkeeping record system, which is used to record financial transactions.

Mohamed Ismail Mohamed Ranees
by Mohamed Ismail Mohamed Ranees , Internal Auditor , ACCIS International Campus (Pvt) Ltd

journal use only as a journal but cashbook journal use as a ledger and journal

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