
Start free trial
Take Naologic for a spin today, no credit card needed and no obligations.
Start free trial Question
General Ledger - What is the difference between a ledger and a general ledger?
Answer
Key Takeaways. The journal consists of raw accounting entries that record business transactions, in sequential order by date. The general ledger is more formalized and tracks five key accounting items: assets, liabilities, owner's capital, revenues, and expenses.