Explain the difference between a journal and a general ledger.

What will be an ideal response?

A journal is a book or document in which each transaction is entered in chronological order. A journal can be considered a running activity log for a given time period.
A general ledger is the complete set of accounts established and maintained by the organization.

Health Professions

You might also like to view...

Where can a pharmacy technician find practice standards to help ensure that compounded sterile preparations are of high quality?

A) FDA Formulary B) Health system's policy and procedure manual C) Pharmacist in charge D) USP revised general chapter "Pharmaceutical Compounding–Sterile Preparations"

Health Professions

Which of the following heating devices used at a construction site is prone to a BLEVE when exposed to the heat of a fire?

A) Kerosene B) Nitrogen C) Propane D) Heating oil

Health Professions