A journal is a book in which we record all business transactions whereas a ledger is the one that saves the financial information of the financial statements.2. Journal is used to prepare a ledger while a ledger is used for making final accounts and trial balance.3. Journal entries are made in chronicle order. For ledger entry is made account-wise.4. The debits and credits are recorded in columns in a journal while for ledger it has two different sides.LHS for debit and RHS for credit.5. In journals balancing is not done whereas it is done in the ledgers of the accounts.