The merchant recorded my transaction in the ledger.
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Yes.
In general, "general ledger" should not be capitalized when used in a sentence unless it is part of a title or a heading. Therefore, you would typically write "general ledger entries" in lowercase. However, if you are referring to a specific system or software that uses "General Ledger" as part of its official name, then capitalization would be appropriate in that context.
It is not known who invented the general ledger but use of it can be traced back to Genoa in 1340. General ledgers are used in accounting.
think of it as a paper version of an excel spreadsheet
Day book is the book which we use to record day today record,but Ledger is a book in which we keep classified data