Sunday, November 27, 2011

Posting (Journal in to Ledger) :-


The process of transferring the entries recorded in the journal into appropriate account in the ledger is called posting.

Steps
      -Take the Debit aspect of journal entry
      -Look in to the account opened to be debited in the ledger
      -In the particulars column write the name of other aspect appearing in the second line of journal entry.

      -Take the Credit aspect of same journal entry
      -Post in to the Credit of that account opened for crediting it.
      -Then the other aspect should be written in the particulars column

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