![]() Start with the first transaction, then the second, then the third, in the order until the final transaction in the journal. In a general journal, you typically enter transactions in chronological order. Perhaps the most significant difference between the general ledger and general journal is how you group transactions. Every debit must have an equal credit and vice versa. When the accountant posts this transaction to the general ledger, they’ll note a $100 credit to the business’s inventory and a $100 debit to its cash account.īoth general journals and general ledgers use the concept of double-entry accounting.
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