In this article, we are providing the difference between Journal and Ledger in the form of a comparison chart.
|1||In journal, the transactions are recorded chronologically.||In ledger, the transactions are recorded in classified form.|
|2||The process of entering a transaction in Journal is called “Journalizing”.||The process of entering a transaction in Ledger is called “Posting”.|
|3||As Journal is the main book of entry, so it has greater weight age as far as legal evidence is concerned.||As Ledger is the secondary book so it has lesser weight age as legal evidence than Journal.|
|4||As Journal assists ledger so it is also known as assistant to the ledger.||it takes assistance from Journal to post all
the records in the concerned accounts.
|5||The accuracy of transactions cannot be checked through Journal.||Ledger is the gateway to prepare trial balance which is helpful in checking the accuracy of transactions.|