What is difference between general journal and general ledger?

The major differences between general journal and general ledger are as follows −

General journal

• All financial transactions are recorded.

• Subsidiary book.

• The primary step to record before ledger.

• The process of recording transactions are called journalizing.

• Narration is compulsory.

• No need of balancing.

• It has simple format.

• Recorded as per transaction date.

• Debit and credit recorded in column-wise.

• Follow concept of duality.

General ledger

• All financial transactions are recorded in the respective accounts.

• Principal book.

• Second step and created from general journal.

• Process of transferring the entries is called posting.

• Narration is not compulsory.

• Require balances.

• T- Format.

• Entries recorded account wise.

• Debit and credit are recorded at different sides.

• Follows concept of duality.