What is the difference between entries in a general journal versus a general ledger?
By recording each transaction correctly, your trial balance should show equal credits and debits. However, the number of debit and credit accounts does not have to be equal, as long as the trial balance is even. For example, you may have 10 payments listed on the credits side to pay for supplies but only two […]
What is the difference between entries in a general journal versus a general ledger? Read More »