Procedure of Posting Ledger - QS Study
QS Study

Procedure of Posting Ledger

The procedure of posting is given as follows:

Procedure of posting for an Account which has been debited in the journal entry.

Step 1 → Locate in the ledger, the account to be debited and enter the date of the transaction in the date column on the debit side.

Step 2 → Record the name of the account credited in the Journal in the particulars column on the debit side as “To….. (name of the account credited)”.

Step 3 → Record the page number of the Journal in the J.F column on the debit side and in the Journal, write the page number of the ledger on which a particular account appears in the L.F. column.

Step 4 → Enter the relevant amount in the amount column on the debit side.

Procedure of posting for an Account which has been credited in the journal entry.

Step 1 → Locate in the ledger the account to be credited and enter the date of the transaction in the date column on the credit side.

Step 2 → Record the name of the account debited in the Journal in the particulars column on the credit side as “By…… (name of the account debited)”

Step 3 → Record the page number of the Journal in the J.F column on the credit side and in the Journal, write the page number of the ledger on which a particular account appears in the L.F. column.

Step 4 → Enter the relevant amount in the amount column on the credit side.