After journal entries are complete the subsequently step in the accounting phase is to post the journal entries into the ledger. Posting refers to the procedure of transferring entries in the journal into the accounts in the ledger. Posting to the ledger is the classifying segment of accounting. An accounting ledger refers to a book that consists of all accounts used by the company, the debits and credits under each account, and the resulting balances.
Once transactions are correctly recorded in purchases journal, they are posted into the ledger. The process for posting is stated as under.
Step 1 – Entries will be posted to the credit side of the respective creditors (supplier) account in the ledger by writing “By Purchases A/c” in the particulars column.
Step 2 – Periodic total is posted to the debit of purchases account by writing “To sundries as per purchases book” in the particulars column.