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How to write ledger

Once journal entries are made in the general journal or subsidiary journals, they must be posted and transferred to the T-accounts or ledger accounts. The purpose of journalizing is to record the change in the accounting equation caused by a business event. While the general journal is where you record accounting transactions in a chronological order, the general ledger is where you post and those accounting entries per account to easily track its balances. A general ledger is an accounting record book in which you maintain a record of transactions for each of your company’s accounts.

How to write ledger

How to write ledger

While the general journal is a chronological record of transactions, the general ledger is organized by account, and in the formal records of the company may display the account balance after each posting. The general ledger is the main accounting record for your business if you use double-entry bookkeeping.

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  • In the background your accounting software will automatiy debit your rent expense account and credit your cash account...posting them to your accounting ledger.


    How to write ledger

    How to write ledger

    How to write ledger

    After you summarize the journals for your business and develop the entries you need for the General Ledger, you post your entries into the General Ledger accounts. The journal provides a complete listing of the daily transactions of a business.

    How to write ledger

    After journalizing your business transactions, that is, recording them in the general or special journals, the next step is to post those journal entries in the general ledger accounts. MARY SHELLEY THESIS STATEMENT First of all, if you haven’t read it, please read this page on accounting journal entries It will tell you how to decide if an account should be debited or credited.


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