What do you understand by journal, ledger and trial balance. Use a hypothetical example to explain the concept.

Word Count : 894

---

A journal is a record of events, experiences, or observations that is written down regularly over time. It can be a personal or professional document that provides a detailed account of events and thoughts. In the context of academics, a journal refers to a publication that is devoted to publishing articles, research papers, and other scholarly works on a particular subject area.

Journals are an essential tool for recording and tracking progress and developments, as well as for exploring and reflecting on personal experiences and ideas. In the academic context, journals play a crucial role in disseminating research findings and promoting scientific advancement in various fields of study. They serve as a platform for researchers to share their work with the wider community, and to engage in academic dialogue and debate.

 

A ledger is a record of financial transactions that is used to keep track of a company's financial activities. It is a comprehensive and systematic record of all financial transactions, including revenues, expenditures, and asset acquisitions, that are entered into the books of accounts.

The ledger is organized into accounts, each of which represents a specific category of financial activity, such as cash, accounts receivable, inventory, and so on. Each transaction is recorded in the relevant account and the total of each account is calculated regularly. The information contained in the ledger is used to prepare financial statements, such as the balance sheet and the income statement, which provide an overview of the company's financial position and performance.

The ledger is an important tool for ensuring the accuracy and reliability of financial information, as it provides a complete record of all financial transactions and helps prevent errors and omissions. In addition, the ledger helps organizations comply with financial reporting standards and regulations, as well as to __ ____________ ____________ ___________ ____________ __________ _____________.
___________ ___________ ___________ ____________ ____ _____________ ___ ______ __________ ___________ ___.
______ ___ ______ __ _____ _____________ ___ ____ ___ ___________ ________ _____________ ______.
_______ _____________ ______ ________ ____________ _________.
_______ _______ _____ _________ __________ _________ ____________ _____.
_______ ______ _________ _______ __ _______ ___ _______ ____________ ____________ ___________ ____ __________ ____.
__ ________ ________ _________ ________ ____________ ____________ ______.
__________ ____________ ________ ___________ _____________ _______ ______ ______ _____ ___________ ___ ___ _____ _______.
_______ __________ _________ ____ ___ ___.
________ _____ ________ __________ ____________ _____________ __________ ________ _________ ____________.
_____________ _____ ____________ __________ _________ _____ _____ _____________.
________ ___________ ______ ___________ _______ ___________ ____ ___ ___ ______ _____ _______ _____________ __ _________.
___ _________ ____________ __________ ___ _____ _________ ________.
_______ _______ _____ ___________ ____ ___ ___.
_______ _______ __ ___________ _______ ____________.
__________ _______ ______ _______ __________ __________ _____ ____________.
__ _____________ ____ _________ ___ __________ __________ _____.
______ __ ___________ ______ _____ __________ ___________ _____________ ____ _______ ____ ___ _________ ___ _______.
_______ ____ ____ __________ ___ ______ ______ _____ __________ ___ ____________ _________ _______ _______ _____________.
___ ____________ _______ _____________ _____ ____________ ___________ ________ ______.
___ _____ _____________ ___ _____ _______ _______ ____________ _______ _______ ____ _______ ____ ____________.
__________ ________ ____ _____ _____ ______ _____________ _________ ___ ____________ __________ ___.
________ _______ _______ _________ __________ __________ ____________ ___ ___________ ____________ __ ________ ____ __ __.
_________ __ _______ _____________ ___________ ______ ______ ________ __________ _____.
_____________ ________ _________ _______ _________ ____________.
__ __________ ___ __________ ___________ ___________ ___ ____ ___________ ________.
________ ______ ____________ _________ ____ ________ __________ ___ ___________ _____ ___ ____ ______ __________.
__________ ___ _______ ___________ ___ ____________ _________ _____________ ____________ ___ __________.
________ ____________ __ ____ ____ _____ _______.
____ _____________ _________ ______ ______ _________ ___ _______ ____ _________ ____________.
_____ _________ _______ ____ ___ ______ __________ ________ _______ ________ _____ __ _________.
_________ __ ____________ ______ _______ ______ ____ ___________.
____________ __ ____________ _________ ____________ ________ ____ ___________ __.
_______ ________ ______ ___ ___ _______ _____________ ____ _____________ ______ ____ ___________ __________ ____________.
_______ ____________ ________ ____ ____ ___.
___ _________ ____________ ____ _____ ___________ ____ ___.
_____________ _____________ ________ __ ______ _____ ________ ___ ______.
__________ ___________ ______ __________ __ ____ _________ ________ ________ _________.
____ __ ______ ____ _____ _____________ ____ _______ ___ _____________ __________.
____________ ______ ___ __ _______ ____________ _____ _________ ____ ____ __ _________ _______ ______ __________.
___________ ____________ ____________ _______ ____________ ________ _____________ __________ __ _________ _____________ ____________ ________.
____ ___ __ _____ ________ __________ ___ ____ ____ ____________ ________ ___________ _______.
___________ ______ _____ _____ ____ ___________ ___________ ___ ______ ____ ________.
___ ______ ____ ____________ _____________ __ _______ __________ _________ ___________ ____________.
__________ __ _____________ ________ _____________ _______.
__ ________ ______ ________ ______ _____________ _____________.
_____ _____ ____________ ___ _______ _____________ _____ _____.
_________ ____ ____________ ___ _______ _________ ____________.
____________ _________ _________ ____ ________ ___________ _________ ______ _________ _____________ __ ___________ ____.
________ _________ ___ _________ ____________ ___________ ______ ___ _____ ___ ________ __ ___________ __________.
__ _________ ________ ____ ____________ __ __________ ______ __.
__ ____ ________ ___ _____ __ _______ ___________ ______ ________.
_____________ __ __ __________ ________ _____ _____________.
__ ___________ _____________ _______ __________ _____________ _____ ____________.
_____________ ________ _________ ____________ _____ _____________ _____ _____________ ________ ______ ___________ _________ __ ___________.
____________ ___________ _____________ ___________ _____________ _________ __________ __ __ __ __ _____.
_____ _____________ ________ ________ ____________ __________ __________ ______ ___________.
___________ ____________ _________ _________ _____________ ______.
_____ _____ ____________ ________ ___ ___________ ____________ ___________ ____.
Click Here to Order Full Assignment on WhatsApp

Degree : CERTIFICATE PROGRAMMES
Course Name : Certificate Programme in NGO Management
Course Code : CNM
Subject Name : Management Functions
Subject Code : BMS 2
Year : 2023