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7. The total results of transactions Results of the particular head of
cannot be known from the journal. accounts can be known from the

ledger.
8. In journal ledger folio (L.F.) is In ledger journal folio (J.F.) is written.
written.

9. Preparation of trial balance is not The trial balance is prepared from the
possible from the journal. ledger.

10. The balance sheet cannot be The balance sheet is prepared with the
prepared directly from the journal. help of ledger balances.

11. Transactions are recorded in the Journal is the source of preparation of
journal in the light of voucher. ledger.

12. Recording of the transaction in the Recording of transactions in the ledger
journal is called journalizing. is called posting.

13. There is no scope of balancing in Balances are drawn in ledger accounts.
Journal.

Ledger Posting

• After the transactions are recorded in the journal, it is then posted in the

principal book called as ‘Ledger’.

• The process of transferring the entries from journal to respective ledger

accounts is called ledger posting.

• Balancing of ledgers is carried to find out differences at the end of the

year.

• Ledger posting is entering information in the ledger, in respective accounts

from the journal for individual records.

• The account debited is posted on the debit side and the account credited

is posted on the credit side of the same account.