What Is The Relation Between Journal And Ledger ?

1.	What Is The Relation Between Journal And Ledger ?
Answer» The journal is the book of first entry whereas the ledger is the book of second entry. The journal as a book of SOURCE entry ordinarily has greater weight as legal evidence than the ledger. The journal is the book for chronological record whereas the ledger is the book for analytical record. The UNIT of classification of DATA within the journal is the TRANSACTION; in the ledger the unit of classification of data within the ledger is the account. The process of recording in the journal is called journalizing, the process of recording in the ledger is called posting.

Answer»

The journal is the book of first entry whereas the ledger is the book of second entry.
The journal as a book of SOURCE entry ordinarily has greater weight as legal evidence than the ledger.
The journal is the book for chronological record whereas the ledger is the book for analytical record.
The UNIT of classification of DATA within the journal is the TRANSACTION; in the ledger the unit of classification of data within the ledger is the account.
The process of recording in the journal is called journalizing, the process of recording in the ledger is called posting.

Discussion