Difference Between Journal and Ledger :

(i) The transactions are recorded first in the journal and then they are posted to the ledger. Thus journal is the book of first or original entry while the ledger is the book of second entry.

(ii) The journal is the book of chronological record while the ledger is the book of the analytical record.

(iii) The process of recording transaction in journal is termed as “Journalising” while the process of recording transactions in the ledger is known as ‘Posting’.