2016 Appendix3 exam – Book keeping paper-5
Marks
Differences between
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Journal
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Ledger
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1.Definition
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The Book where all transactions are recorded
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The Ledger, where all the journal entries are classified account
wise and posted.
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2. Nature
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Subsidiary Book
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Principal Book
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3. Another name
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Book of Original Entry and thus precedes the Ledger.
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Book of Secondary Entry and prepared after the Journal
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4. Recording
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Chronological
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Account wise
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5. Process
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Journalizing
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Posting
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6. Narration
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Required
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Not required
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Balancing
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Not required
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Required
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7. Base for
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It is the base for preparation of Ledger
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It is the base for preparation of Trial Balance, then Final
Accounts
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