Ledger Posting Examples

Ledger posting examples will make you capable for posting all journal entries in the different accounts of ledger. After learning journal entries examples, you should learn the system of posting any journal entry in two different accounts. If you do mistake in the posting of account, you can not make correct trial balance and final accounts. So, to understand the procedure of posting is must.

Basic Rule of Posting 

After journal entry, there will become two account. Journal entry's debited account will have its own account and we will transfer to the debit side of the credited account of journal entry in this account. Same way, every credited account in journal entry will have own account in ledger and we will transfer to credit side of the debited account in it. 

Following are some examples of  translations and Journal Entries and their postings for understand which account will go to the debit side and which account will go to credit side:

1. Cash brought in by proprietor as capital Rs. 30000

Cash Account Debit 30, 000

Proprietor’s capital Account Credit 30,000

A Account = Cash Account  -We will open Cash account in ledger and in its debit side, we will show proprietor's capital account with Rs. 30000

B Account = Capital Account - We will open capital account in ledger and its credit side, we will show cash account with Rs. 30000.

2. Goods purchased on credit from Madan Lal Rs. 5,000

Purchase account debit 5000

Madan Lal account credit 5000

A Account = Purchase  Account  -We will open purchase account in ledger and in its debit side, we will show Madan Lal account with Rs. 5000

B Account =  Madan Lal Account - We will open Madan Lal account in ledger and its credit side, we will show purchase account with Rs. 5000.

3. Furniture purchased for cash Rs. 10000

Furniture Account Debit 10,000

Cash Account Credit 10,000

A Account = Furniture  Account  -We will open furniture account in ledger and in its debit side, we will show Cash account with Rs. 10000

B Account =  Cash Account - We need not open cash account again in ledger because we have already opened it when we have posting the first journal entry in it. Now, we just show furniture account in the credit side of  same cash account with Rs. 10000. 

4. Goods sold on credit to Dev Raj Rs. 1600

Dev Raj Account Debit 1600

Sale Account Credit 1600

A Account = Dev Raj Account  - We will open Dev Raj account in ledger and in its debit side, we will show sales account with Rs. 1600

B Account =  Sales Account - We will open sales account in ledger and in its credit side, we will show Dev Raj Account with Rs. 1600. 

5. Goods purchased for cash Rs. 4500

Purchase account debit 4500

Cash account credit 4500

No need to open purchase and cash account in ledger. Both accounts are already existed. We just show cash account in the debit side of purchase account and purchase account in the credit side of cash account with Rs. 4500. Like this, we have to post all the journal entries in the ledger accounts.

Important : One account will open only one time. No duplication allow in ledger.  







access account accountant Accounting accounting definitions accounting ebook Accounting education accounting procedure accounting process outsourcing Accounting Software advance advertising africa Amalgamation amendments announcements Annuity assets audit auditing Australia B.Com. balance sheet bank Bank reconciliation banking basic accounting BBA benefits best bill black money blog bloggers book keeping bookkeeping Branch Accounting - full tutorial budget Budget variance business businessman CA calculator canada capital capital budgeting career cash cash book cash flow statement Chiense children china class coaching coins college commerce commerce students company computer computer accounting conference Contact vinod kumar Control Your Spending corporate accounting cost cost accounting cost center cost centre CPA credit credit card cs currency data Debit and credit debit cards debt debtor degree depletion depreciation Diwali Messages documents dollar domain Downloads Dubai e-accounting earning education Education Loans email employee EPF ERP euromoney examination excel excise duty expenses facebook factor of loan fans feature fifo FII fiji finacle finance Finance Journal Entries Financial financial accounting fire insurance flickr flow forensic forex formula france fraud free fun function fund GAAP GDP gdr germany gold goodwill goodwill accounting google google apps Google Adsense google apps google base google buzz google calendar Google docs google finance google fusion tables google talk govt. GST guide health Hindi Hindi Language history holding company How to treat FBT in Tally 9 HRA ICAI ICAWI ICICI Bank IFRS income income statement Income Tax India indian railway Indonesia inflation inflation accounting infographics information inspiration insurance insurance accounting Intangible interest international Internet Introduction of Tally 9 inventory investment investment in Shares invoice IT Japan Job costing journal entries Journal Entries eBook Help Kalculate keyboard kindle kuwait laptop law LBT learning lease lecture ledger leducation Leverage Analysis liabilities lifo linkedin loan logical point loss loss of profit M.Com. m.phil malaysia management accounting manual accounting manufacturing account market marketing mastercard material MBA MCA media migration mobile money ms word ms. excel multi currency in tally 9 Multicurrency Accounting mutual fund national security new and sacrifice ratio new york times new zealand news NGO nonprofit-accounting North Georgia Mountains NPV NSE odbc office oman online application online accounting Online Accounting Course otcei pakistan parents Partnership pay pal pdf Personal Finance pie chart pie chart of income pnb podcast ppf presentation price privacy policy prize money prof. vinod kumar profit profit and loss account project management provision purchase puzzles quickbooks Quote quotes quotes of svtuition rating agency ratio analysis RBI readers real estate rectification of errors remote control reports reserves responsibility accounting retirement revenue Revenue reserves review risk rupees salary sale saudi arabia saving sbi scholarship school SEBI security service tax share share trading Shares shri lanka singapore sms social accounting society solution South Africa stock stock exchange structure student students study subsidiary company svtuition swiss bank tally tally 9 Tally 7.2 Tally 9 Tally.ERP 9 tanzania tax Tax Accounting TDS teacher teaching technology test testimonial testimonials thailand tips trading trading on equity transaction trend trial balance truthfulness tuition twitter UAE UGC - NET Commerce UK United Arab Emirates university usa valuation VAT Video Voucher and vouching Wealth wikipedia working capital youtube
Accounting Education: Ledger Posting Examples
Ledger Posting Examples
Accounting Education
Not found any lecture VIEW ALL Continue reading Reply Cancel reply Delete By Home PAGES Lectures View All RECOMMENDED FOR YOU Category ARCHIVE SEARCH ALL Lectures Not found any lecture match with your request, please help to write it and send it to our email at vinod@svtuition.org for making this website free accounting and finance encyclopedia. Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock