LEDGER

LEDGER Learning Objectives To enable the students to Understand the meaning of ledger account Understand the procedure for posting Post the journal entries to the ledger accounts and balance the ledger accounts Points to recall The following points are to be recalled before learning Ledger: • Classification of accounts • Golden rules of double entry system of book keeping • Steps in journalising the transactions and passing journal entries Key terms to know • Ledger • Ledger posting • Balancing the ledger account • Debit balance • Credit balance Accountancy - Transaction Journal / Subsidiary books Ledger