General Journal FAQs What is the difference between a general journal and a cash book? The main difference between General Journal and cash book is that while General Journal includes all transactions that are recorded by a company, cashbook records only cash receipts of the business/organization. What is the format of a general journal? General Journal has two column headings above date column. The two headings are, a) account headings column b) date of entries column. What is the main advantage of using a general journal? One of the main advantages of using General Journal is that it provides an exact details about all transactions. It provides a place to take any kind of transaction, even Trial Balance. What are debit account and credit accounts in General Journal? Debit accounts are those account which increases when there are transactions. It is also known as var or als account which means always debit account, because it always increases when there are transactions relating to that accounts. What are credit accounts? Credit accounts are those account which decreases when there are transactions. It is also known as var or als account which means always credit account because it always reduces when there are transactions relating to that accounts. About the Author True Tamplin, BSc, CEPF® Facebook Linkedin Instagram Twitter Youtube True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists. True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics. To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.