SuperUser Account / Monday, December 6, 2021 / Categories: Financial English, Accounting Journal vs Ledger Key Differences The Accounting process Journal vs Ledger Infographics Journal is called the original book of entry because the transaction is recorded first in the journal. Ledger, on the other hand, is called the second book of entry because the transaction in the ledger is transferred from journal to ledger. In a journal, the entry is recorded sequentially, i.e., as per the happenstance of the transaction. In the ledger, the entry is recorded account wise. The act of recording into the journal is called journaling. The act of recording into the ledger is called posting. In a journal, the narration is a must because otherwise, the entry would lose its value. In the ledger, the description is optional. In a journal, there is no need for balancing. In the ledger, balancing is a must at the end of the period. Source: Difference Between Journal and Ledger Previous Article Expanding the Ledger - II Next Article THE TRIAL BALANCE Print 54 Rate this article: No rating Tags: accounting journal ledger Leave a comment Name: Please enter a name. Email: Please enter an email address. Please enter a valid email address. Comment: Please enter comment. I agree This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data. You must read and accept this rules. Add comment