Both the Journal and the Ledger are the two most important books used under the Double Entry System of "Book-Keeping".
The relationship between the "Journal & Ledger" could be expressed as follows:
Journal is the book of first or original entry - since all the Business Transactions are recorded first of all in the "Journal".
While the "Ledger" is the book of second entry - since the transactions are "Posted" to the "Ledger" from the Journal.
The Journal records tranasactions in "Chronological order", while the Ledger records the transactions in analytical order.
The Journal is more reliable than Ledger since it is the book in which the entry is entered first.
The process of recording transations is termed as "Journalising" while the process of recording transactions in the Ledger is called as "Posting".
Ramesh Kutumbaka
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