Leaning Online

Here we will study about the difference between General Journal And General Ledger . Previously we studied the Difference Between General Journal and Proper Journal . A General Journal is simply a Journal in which those Business Transactions are recorded which takes place at a large number. So, a separate book is maintained to record such types of business transactions. For Example A Cash Book is maintained to record Cash Transactions. Cash Receipts and Cash Payments are recorded. Since, these business transactions occur constantly and on regular basis. Similarly, Sales And Purchase Journal are maintained by the business to recorded sales and Purchase Transactions. All these Transactions that are recorded in General Journal are posted to General Ledger. So, it is such a ledger in which all those business transaction that are recorded in General Journal are finally recorded in it. For Example, Cash Book or Journal in which all cash t...