Difference Between Journal And Journalizing
Journal Versus Journalizing
Here, we will take into account the comparison between Journal And Journalizing.
1. Journal is the Book of Original Entry while Journalizing or Journal Entry is the process of recording Business Transactions from Voucher or Invoice Documents into the Book or Journal of the business Chronologically (Date-Wise).
2. The process of Journalizing is done in the Journal of the business, so Journalizing is the important part of Journal, i.e., Recording of Business Transactions From Voucher or Invoice Documents.
So, Journal is the Book of Original Entry where the process of recording Business Transactions takes place in order of date that these are transferred from evidence documents like Voucher
or an Invoice is called Journalizing.
Comments