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Question -

Write the process of preparing ledger from a journal.



Answer -

The following process describes the preparation of ledger from journal:
  • Locate the account to be debited in the ledger as entered in the journal
  • Enter date of transaction into date column of debit side.
  • Mention the account from which it is debited in journal, is written in the particulars column.
  • Enter the page number of the journal in the J.F. column. The corresponding page number of the ledger account is written in the L.F. column of the journal.
  • Enter amount in the amount column in the debit side.
  • For credit side follow the same procedure for crediting the entry.

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