Accounting Journal and Ledger Book keeping and accountancy

"Journal is a record that keeps accounting transactions in chronological order, i.e. as they occur. After journal entries are made, the next step in the accounting cycle is to post the journal entries into the ledger. This Accounting video Covers all the important concepts related to Ledger like need for ledger, format, posting of transactions in ledger & balancing ledger accounts.This tutorial will help you understand
1.How to prepare journal
2.What are its features
3. How to record different business transactions in it
Basic entries like cash and credit sales, purchases, capital, expenses paid are covered. 1. Trade discount & Cash Discount
4. Goods distributed as free samples
5. Insolvency
6. Bad debts/Losses
7. Dishonour of Cheque. 8. How to post journal entries into ledger

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