Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 37 - No. 45)
What is the relationship between the sales journal and the general ledger?
The sales journal summarizes transactions, which are then posted to the general ledger.
The general ledger summarizes transactions, which are then posted to the sales journal.
The sales journal is a subsidiary ledger to the general ledger.
The general ledger is a subsidiary ledger to the sales journal.
Explanation
The sales journal holds detailed transactions that are later summarized and posted to the general ledger.
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