What Is the Difference Between a Journal and a Ledger

question 336

Essay

What is the difference between a journal and a ledger? How are journals and ledgers incorporated into the accounting cycle?

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Definitions:

Ego

In psychoanalytic theory, the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.

Freud

Refers to Sigmund Freud, the founder of psychoanalysis, known for his theories of the unconscious mind, the structure of personality, and the role of sexuality in human psychology.

Rational Ways

Approaches or methods that are based on logic, reasoning, and empirical evidence.

Acculturation

The process of adaptation in which immigrants and native groups identify with a new, dominant culture by learning about that culture and making behavioral and attitudinal changes.