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What relationship exists between the general journal and the general ledger? The balances in the general ledger will always equal those in the general journal.
What relationship exists between the general journal and the general ledger?
The balances in the general ledger will always equal those in the general journal.
The general ledger accounts contain the same information as those in the general journal, but it is just in a different format.
After all postings from the general journal are complete, the debit balances in the general ledger will rarely equal the credit balances.
The number of accounts in the general journal will always be larger than the number of accounts in the general ledger.
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