Transactions are posted in Ledger account from which of the following?
B. Cash book
C. Voucher Bills
D. Bank Statements
Right Answer is: A
• Journal: It is a detailed account that records all the financial transactions of a business along with the date that is to be used for future reconciling of and transfer to other accounting records such as the general ledger.
• Journal is also known as the book of original entry as it’s the first place where all transactions are recorded.
• The ledger accounts begin after journal entry. The transactions are posted in Ledger account from Journal.