Journal
1′ It is the first book of entry’
2′ Once the transaction is originating, is recorded in the register
3′ Transactions are recorded in order of appearance, ie, strictly in order of dates’
4′ Story (brief description) is prepared for each entry’
5′ Folio ledger is written
6′ The information can not be determined easily, for example, cash in hand can not be found easily’
7′ The final accounts can be obtained directly from the newspapers’
8′ Accuracy of the books can not be tested’
9′ Debit and credit are recorded in the adjacent columns’
10′ Two columns of newspapers for a total flow of credit to another quantity’
11′ Journal is not balanced’
12′ With the computerization of accounting journal can not be used for transactions such as income, purchases, sales, etc’
Ledger
1′ The final product of the input’
2′ Transactions are displayed in the same after the general ledger were recorded in the register’
3′ Transactions are classified according to the nature and fall into the accounts’
4′ The story is not necessary’
5′ Folio magazine or newspaper in the letter’
6′ As the nature of the transactions are grouped in one place relevant information can be determined’
7′ Ledger is the foundation for the preparation of final accounts’
8′ Accuracy is tested through the list of books balance’
9′ Debit and credit are recorded on both sides of two different accounts’
10′ Ledger in two parts: left side right side of credit is a debit’
11′ Any account in the book is balanced in a timely manner’
12′ The general ledger can not be avoided’ However, it may be loose or a piece of log book’ Larger one indispensable book’