Introduction
-Ankit Lal karn, ACW Accounts, Edumarz.
Accounting involves a series of steps to be followed to come up with end results.
These steps are identifying, measuring, recording, classifying, summarising, analysing and interpreting the financial information.
Financial transactions are recorded in journal throughout the period in chronological order.
These transactions are recorded in journal from source documents like accounting vouchers.
After doing entry in journal, these transactions are classified in ledgers.Ledgers are called principal book of accounts.
Here , In this lesson we will learn about how journal entries are posted in books.We will also discuss different types of accounting vouche