Written on Jul, 15, 2012 by in | Leave a comment
ledger-2

Ledger posting is very important part of accounting system. As we know that to reach to any financial result, we have to go through so many process. For example, first of all, we must know to maintain proper account records. To maintain proper account records, one must know proper accounting system. And proper accounting system includes following important steps to …

Written on Nov, 20, 2011 by in | Leave a comment

After the posting the entries from the journals in to the ledger, the balancing of the individual accounts is done. After doing the balancing we can know the actual position of the accounts on a given date. The method of balancing is very simple. We have the Debit amount column and Credit amount column in account. We have to do …

Written on Nov, 20, 2011 by in | Leave a comment

Journals or day books and ledger are the most important books of the accounting entry systems. Following are the relationship between the ledger and the journals:- Journals are the primary books of the entry and the ledger is the book of second entry. The entries relating to various accounts are recorded in journals date wise while the entries relating to …

Written on Nov, 20, 2011 by in | Leave a comment

Posting the entries from day books to ledger is very important work. An accountant must keep in his mind the following rules while posting the entries:- Entries must be posted from the day books or journal only. Posting of the entries must be date wise. Date of entry in day books must be the date of entry in ledger. All …

Written on Nov, 20, 2011 by in | Leave a comment

After preparation the vouchers, they are recorded in the related day books then all the entries relating to a particular account are summarized in to ledger having all accounts. This process of summarization is called posting. Therefore, the posting is the process of entering the transaction from different day books to ledger. There is no hard and fast rules regarding …


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