Assertion: ledger | /r/HasProperty | an extension of a journal
Facets:
Source sentences:
text: We can say that ledger is an extension of a journal.
text: The key difference between Journal and Ledger is that Journal is the first step of the accounting cycle where all the accounting transactions are analyzed and recorded as the journal entries, whereas, ledger is the extension of the journal where journal entries are recorded by the company in its general ledger account on the basis of which the financial statements of the company is prepared.