how to post the entries into ledger, if there are transactionsgiven
In a question, for every transaction, the first step is to record them in the Journal Book. Thereafter, we need to post these Journal entries into the respective ledger accounts. The posting can be done in following procedure:
(1) Check which ledger accounts are involved in the transaction.
(2) In the ‘Date’ column of the Ledger Accounts enter date of a concerned transaction.
(3) In the ‘Particulars’ column of the ledgers specify the name of the accounts to be debited (or credited) on the debit (or credit) side.
(4) J.F. Column is there to record the Journal Folio (or the page number of the Journal Book) in which the entry has been recorded.
(5) In the ‘Amount’ column enter the amount of the transaction.
For example: On February 10, 2012, a Typewriter was purchased from M/s. Rajan for Rs 1,000 on credit. Pass the Journal entry to record this transaction and post this transaction in the relevant ledgers.
Date | Particulars | L.F. | Debit Amount (Rs) | Credit Amount (Rs) | |
2012 |
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Feb.10 | Typewriter A/c | Dr. |
| 1,000 |
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| To Rajan |
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| 1,000 | |
| (Purchased typewriter from Rajan on credit) |
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Typewriter Account | |||||||
Dr. |
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| Cr. | ||||
Date | Particulars | J.F | Amount (Rs) | Date | Particulars | J.F | Amount (Rs) |
2012 |
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Feb.10 | To Rajan |
| 1,000 |
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Rajan | |||||||
Dr. |
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Date | Particulars | J.F | Amount (Rs) | Date | Particulars | J.F | Amount (Rs) |
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| 2012 |
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| Feb.10 | By Typewriter A/c |
| 1,000 |
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A simple way to posting in the ledgers can be understood with the help of the Journal entry in this way.
Typewriter A/c | Dr. | (Typewriter A/c is shown on the credit side of the Ranjan A/c |
To Rajan | (To Ranjan is shown on the debit side of the Typewriter A/c) | |